World economic crisis: BRICS don’t float

The acronym "BRICs" refers to the four countries whose economies have been most successful in recent years: Brazil, Russia, India and China. But as with Eldorado, this good health is more myth than reality.  All these "booms" are financed largely by debt and end up, like their predecessors, sinking into the horror of recession. Furthermore, that ill wind is upon us right now.

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