US long-standing economic exceptionalism will fade as the 21st century wears on, China & India will become dominant, Goldman Sachs economists predict

[basquebromance]

How the BRICs group started: Goldman Sachs economist Jim O'Neill came up with the BRIC acronym in 2001, saying Brazil, Russia, India & China would one day dominate the world economy. The countries liked the concept & decided to formally partner in 2006, adding South Africa.

China And India Will Overtake U.S. Economically By 2075, Goldman Sachs Economists Say

The bank’s wide-sweeping forecast notes the world economy has already “passed the high-water mark of global potential [economic] growth” due to slowing population gains.

www.forbes.com

 

[DudleySmith]

lol rubbish. India might go somewhere, but it will have to change its culture. REd China is just a gangster regime that relies entirely on stealing outside tech and labor racketeering; it's banking system is total crap, and most of its 'managerial class' are just Cadre parasites leeching off of western expertise. They're going nowhere but down; the onlu unknown is how much and who they destroy on the way down.

BRICs is a joke. Nobody in their right minds is going to do much business with them; they can't honor any deals.