GDP and profitability of Bric countries will overtake developed areas by 2050

Economic growth rates in key emerging markets, specifically the Bric countries (Brazil, Russia, Indi...

Economic growth rates in key emerging markets, specifically the Bric countries (Brazil, Russia, India, China), have easily surpassed that of developed countries in recent years. In China, 2006 GDP growth hit a record of 11.1%, up from 10.4% in 2005. Long-term GDP forecasts for Bric countries show that tomorrow's giants, China and India, seem set to take first and third place on a GDP basis by 2050 (with the US in second place), shifting the centre of gravity of the global economy. The Bric countries also have large, young populations to drive this growth, with many concentrated in major c...