BRIC is an acronym grouping Brazil, Russia, India and China, and was coined by Goldman Sachs’ Jim O’Neill in 2001. South Africa has in recent years pushed for the acronym to be modified to BRICS, to include South Africa.


The era of abundant global liquidity is ending. Photo: Reuters

Discontent hits BRIC nations as economic growth slows

Stretched budgets and sluggish growth are putting emerging market governments on a collision course with rising pressures from recently empowered middle classes for more spending and better services.

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