Each member of the BRICS quintet has its own batch of specific economic problems. In China, inflation remains pesky, while investors are concerned about the ability of policymakers to engineer an economic soft landing. At the same time, Russian equities have been ravaged by the rapid decline in oil prices.
Brazil is contending with declining oil prices, inflation and China’s economic malaise. China is Brazil’s largest trading partner. South Africa has an unemployment rate that is uncomfortably high, while India’s economic problems are almost too numerous to name………………………………………..Full Article: Source