Growth Among The BRIC Emerging-Market Giants May Have Peaked, Goldman Sachs Says

Goldman Sachs analysts now say growth among the BRIC economies has probably peaked because of a smaller supply of new workers, according to InvestmentNews.

Average economic growth in the BRIC countries will decelerate to 6.1% next year from a high of 9.7% in 2007, according to the International Monetary Fund. That would narrow the gap over America’s expansion to 4.3 percentage points, the smallest since 2004.

In the past decade, mutual funds poured almost $70 billion into Brazil, Russia, India and China as their economies grew four times faster than America’s. But BRIC funds recorded $15 billion of outflows this year as the MSCI BRIC Index sank 24%.

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