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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (39581)	10/14/2003 6:16:08 PM
From: elmatador	Read Replies (2) \| Respond to of 74559

BRIC: Brazil, Russia, India and China (BRIC) the new, rising stars of the world economy, based on a Goldman Sachs study: Today their combined GDP (at market exchange rates) is one-eighth of the output of the G6 (Goldman leaves out Canada, which accounts for only 3% of the G7's GDP) But the study concludes that the total output of the four economies will overtake that of the G6 in less than 40 years. Of today's G6, only America and Japan would then still be among the world's six biggest economies. China is tipped to overtake Germany by 2007, Japan by 2015 and America by 2041. India could overtake Japan by 2032. All four BRICs will be bigger than any western European economy by 2036. For firms looking where to invest, the most striking result is that, by 2009, the annual increase in total dollar spending in the BRICs could be greater than that in the G6. By 2025, spending could be increasing twice as fast in the BRICs. economist.com Follow the yellow BRIC road Oct 9th 2003 From The Economist print edition Welcome to tomorrow's economic giants CHINA'S economic policies are under increasing attack from the rich, G7 countries. Yet China can console itself with the fact that within half a century, not only is its economy likely to be bigger than any of the G7 (America, Japan, Germany, France, Britain, Italy and Canada), but most of the current G7's members are unlikely to be eligible to attend meetings of the world's biggest economies. For China is not the only emerging economy moving up the pecking order. A new study by Goldman Sachs focuses on the so-called BRICs (Brazil, Russia, India and China). Today their combined GDP (at market exchange rates) is one-eighth of the output of the G6 (Goldman leaves out Canada, which accounts for only 3% of the G7's GDP) But the study concludes that the total output of the four economies will overtake that of the G6 in less than 40 years. Of today's G6, only America and Japan would then still be among the world's six biggest economies. Goldman Sachs's study on the rise of BRICs gs.com This prediction is not based on a crude extrapolation of growth rates. Instead, the authors make assumptions about population growth, the pace of investment, productivity growth and currency movements. These imply that, even if the BRICs stick with sensible economic policies, their future growth rates will slow significantly. China is tipped to overtake Germany by 2007, Japan by 2015 and America by 2041. India could overtake Japan by 2032. All four BRICs will be bigger than any western European economy by 2036. For firms looking where to invest, the most striking result is that, by 2009, the annual increase in total dollar spending in the BRICs could be greater than that in the G6. By 2025, spending could be increasing twice as fast in the BRICs. Such long-term forecasts are almost bound to be wrong, not least because governments may make mistakes or political instability may intervene. Even so, this is a useful framework for understanding the rise of the emerging giants.

To: TobagoJack who wrote (39581)	10/14/2003 8:51:42 PM
From: Cogito Ergo Sum	Read Replies (4) \| Respond to of 74559

(a) Turks soon in Iraq, Yes apparently the Kurds misheard the old Who song and have been singing We all get screwed again Or Alternatively the Captain and Tennille.... Do that to me one more time.. Once is never enough.. So I guess The song remains the same... Led Zeppelin poor silly Kurds When will they ever learn The Animals San Franciscan Nights....... Fool me once shame on you.. Fool me twice shame on me Fool me three times I must be a ____