Falling BRICS BRICS, RIP
Goldman Sachs—whose 2001 report coined the term and set off more than a decade of feverish speculation about the decline of Western economic dominance—has dropped its BRICS portfolio.
Falling BRICS Unease in Brazil as Recession Bites
Brazil has officially entered a recession, and its people are nervous about the currency. With China’s troubles perhaps just beginning, the future is not looking too bright.