NOURIEL ROUBINI BLOG tracks the media appearances of Dr Nouriel Roubini his interviews articles debates books news speeches conferences blogs etc..Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
Showing posts with label The BRICS. Show all posts
Showing posts with label The BRICS. Show all posts
Monday, January 27, 2014
The BRICS are in the midst of a midlife Crisis
“Are the BRICS (Brazil, Russia, India, China and, its most recent member, South Africa) in the midst of a midlife crisis? Based on recent data, this would appear to be the case,” said Roubini
“Three of the five BRICS (Brazil, India and South Africa) are now part of what investors consider the Fragile Five emerging market economies (the other two being Turkey and Indonesia).
“These fragile emerging markets share weaknesses, such as large current account deficits, large fiscal deficits, falling growth, rising inflation and political and policy uncertainty, and they all face parliamentary or presidential elections this year,” he said.- in firstpost.com
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
Labels:
The BRICS
Thursday, September 5, 2013
The BRICS were overhyped for too long
These economies – the BRICS
(Brazil, Russia, India, China, and South Africa) and others – were
overhyped for too long. Favorable external conditions – the effect of
China’s strong growth on higher commodity prices and easy money from
yield-hungry advanced-economy investors – led to a partly artificial
boom. Now that the party is over, the hangover is setting in.
This
is especially true in India, Brazil, Turkey, South Africa, and
Indonesia, all of which suffer from multiple macroeconomic and policy
weaknesses – large current-account deficits, wide fiscal deficits,
slowing growth, and above-target inflation – as well as growing social
protest and political uncertainty ahead of elections in the next 12-18
months. There are no easy choices: defending the currency by hiking
interest rates would kill growth and harm banks and corporate firms;
loosening monetary policy to boost growth might push their currencies
into free-fall, causing a spike in inflation and jeopardizing their
ability to attract capital to finance their external deficits. - in project syndicate
Labels:
The BRICS
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