The Philippines, Indonesia, Bangladesh and Ethiopia are among 10 countries set to take over as emerging economies from the powerful BRICS nations, a French credit body said. After 10 years of frenetic growth the big 5 emerging economies of Brazil, Russia, India, China and South Africa – the BRICS – are slowing down sharply, the French trade credit and insurance group Coface said. But at the same time, other emerging countries are accelerating their development, it said. Coface broke the 10 new emerging economies it has identified into two groups. The first comprises Peru, the Philippines, Indonesia, Colombia and Sri Lanka, which it named the PPICS. They had strong potential confirmed by a sound business environment, Coface said. The second group comprises Kenya, Tanzania, Zambia, Bangladesh and Ethiopia. But these countries are marked by very difficult or extremely difficult business environments which could hamper their growth prospects, Coface said.
Posted on: Wed, 26 Mar 2014 23:03:01 +0000
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