US Conference Board fears BRICS miracle over as world faces decade-long slump

The US Conference Board’s global economic outlook calls into question the “BRICs” miracle (Brazil, Russia, India, China), arguing that the low-hanging fruit from cheap labour and imported technology has already been picked. Europe’s prognosis is even worse, with France trapped in depression…

Go here to read the rest:
US Conference Board fears BRICS miracle over as world faces decade-long slump