“This is not the end of BRIC growth” contends economist Jim O’Neill
Writing in the Telegraph, Jim O’Neill suggests the growing fears of dark future for BRIC economies might be overplayed. Whilst a change in US monetary policy might create tension in the short term, the long view is still good for emerging economies.
“Ultimately, their growth will depend on what they do in terms of their demographics and productivity; the Fed’s monetary policy will have very little impact.”
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