Goldman bullish on Bric
NEWS
O'Neill was speaking at the Goldman Sachs Annual Foreign Exchange Conference, held in London last Wednesday (February 7).
He said Old World economies will lose their current dominance because of an inability to cope with the dynamics of globalisation.
According to O'Neill, Bric (Brazil, Russia, India and China) economies currently account for a third of GDP in global markets, and will play an increasingly important role in the adjustment of the global economy. He cited India as an example of the
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