Tuesday, January 03, 2012

Aging Population in BRIC

According to a December 7th report by Goldman analysts, as the BRICs (Brazil, Russia, India and China) slow down, global growth probably will peak at about 4.3 percent this decade and fall to 3.9 percent in the 2020s.
The number of people older than 65 in Brazil, Russia, India and China will rise 46 percent to 295 million by 2020 and to 412 million by 2030, according to United Nations projections. The pool of 15 to 24-year-olds, the mainstay for factories will fall by 61 million by 2030 or about the population of Italy.
Read the entire article here.
Note:  Goldman Sachs Asset Management Chairman Jim O’Neill, who coined the BRICs acronym a decade ago, said other emerging economies may now be better investments -- especially Indonesia, Turkey, Egypt and Mexico.
What about MIST (Mexico, Indonesia, South Korea and Turkey)?

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