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South Africa’s Economy Tumbles While Other BRICS Nation Rebound
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Improvement in the global economic outlook helped to strengthen growth across BRICS nations. Brazil and Russia have registered positive economic growth in Q2 2017, rebounding from negative growth in Q1 2017. Brazil’s manufacturing sector recovered slowly in Q2 2017, registering a growth of 0.6% which is higher than the growth of 0.28% registered in Q1 2017. Although China registered the highest manufacturing sector growth of 6.87% in Q2 2017 among BRICS nations, this is still lower than the 7.60% growth registered in Q1 2017. Mining sector across BRICS has witnessed a slowdown in Q2 2017 with only Brazil and South Africa registering positive growth of 6.32% and 1.34%, respectively.China’s parliamentary session held in March emphasized on the government's priority of financial stability, which may come at a cost of moderate decline in economic growth. Despite this, economic growth in India and China remained strong at 7.92% and 6.78%, respectively in Q2 2017. South Africa’s government bonds were degraded to sub-investment grade by leading credit rating agencies, which reflects the country's weak economic scenario, with uncertainty looming over its future prospects. Country Coverage – BRICS· Brazil· Russia· India· China· South AfricaYear, Quarter and Month Coverage· Yearly Data: 2012 – 2021· Quarterly Data: Q1 2012 – Q2 2019· Monthly Data: January 2012 – June 2017
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Asia-Pacific Economic Tracker—Insights and Trends, H1 2018
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Eastern Europe Economic Tracker—Insights and Trends, H2 2019
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