17.10.2016 - Global economic recovery 'still treacherous': Xi
Even though the 2008 credit crisis and the “treacherous recovery” of global economy has impacted growth among the BRICS countries, Chinese President Xi Jinping today said the potential and the inherent strength of the five-nation grouping of emerging economies continues to be unchanged. The Chinese President said the global economy is yet to fully recover from the 2008 credit crisis and is still struggling with a “treacherous recovery“. Admitting that the crisis of 2008 has not only “slowed down BRICS economies” but they are still “facing challenges” even after eight years of the worst recession since the 1930s, Xi, however, stressed that the “potential and the strength” of the grouping is “unchanged” and they continue to remain positive from a long-term perspective............................................Full Article: Source
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