BRIC economic performance during the recent global crisis falls into two separate and distinctive patterns. In China and India the growth in industrial production slowed substantially in H1/09 before rebounding to new highs late in the year. The speed and scope of the rebound is especially marked in India.
By contrast production in Brazil and Russia plummeted into negative figures during 2009 before a strong recovery took place towards year-end. Brazil’s recovery is particularly...
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