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BRICS Countries Continue to See Robust Growth in 2011: IMF
Sep 21,2011 08:56CST
industry news
Source:SMM
The BRICS nations would continue their robust economic growth in 2011, the International Monetary Fund (IMF) said Tuesday.

WASHINGTON, Sept. 20 (Xinhua) -- The BRICS nations would continue their robust economic growth in 2011, the International Monetary Fund (IMF) said Tuesday.

World output was projected to rise by 4 percent this year, while emerging and developing economies would grow at a much higher 6.4 percent, the IMF said in its latest World Economic Outlook (WEO) report.

As leading emerging economies, BRICS countries (Brazil, Russia, India, China and South Africa) would continue to outpace other countries, the IMF said.

Among them, China's economic growth was expected to remain robust at 9.5 percent this year and 9 percent in 2012 due to solid investment, the report said.

India's output was projected to grow 7.8 percent in 2011 and 7.5 percent in 2012.

Compared with China and India, Russia, Brazil and South Africa would experience relatively moderate growth in the next two years.

Russia's output is expected to grow 4.3 percent this year and 4.1 percent next year; Brazil's economy is estimated to advance 3.8 percent and 3.6 percent, respectively; and South Africa, a new member of BRICS, is projected to rise 3.4 percent in 2011 and 3.6 percent in 2012.

However, the predicted growth rates of Russia, Brazil and South Africa in 2011 and 2012 are stronger than what they achieved last year.

 

 

IMF

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