BRIC countries face uncertain growth without reforms

12/27/2012 | Wall Street Journal, The

A decade of high growth for the BRIC countries -- Brazil, Russia, India and China -- is over as average gross domestic product growth is forecast to slip to 4.5% in 2012 from an annual average of 8% from 2000 to 2008. Each country faces particular challenges in modernising to boost growth rates going forward. Russia must address corruption to attract investment and Brazil has to simplify regulations.

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