Description

Traditionally Brazil, Russia, India, China, and South Africa (BRICS), have shown strong economic growth, but in 2013 growth may not be equally favourable to each of these countries. China will remain the powerhouse and show slowing, but sustained high growth for the year. India has also remained strong, however, various infrastructure bottlenecks and slowed consumer spending may impede growth prospects. South Africa is expected to post the lowest growth rate among BRICS economies in 2013, with strong ties to international financial markets, labour productivity issues and high dependence on exports to Europe resulting in muted growth.