01.12.2008 - BRIC shoppers will ‘rescue world’ says Goldman Sachs economist
From Bloomberg: Jim O’Neill, the Goldman Sachs Group Inc. economist who in 2001 coined the acronym BRIC from the initials of the four big emerging economies, says the faster growth investors have come to expect from these countries will survive this crisis. O’Neill, who is based in London, says the citizens of the BRIC nations are poised to spend more. “The BRIC consumer is going to rescue the world,” he says. . .... Full Article: Source
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