Lumping four very different economies together under one acronym backfired as they faced very different challenges. Brazil has stagnated with inflation rampant, Russia is in disarray after its invasion of Ukraine, and China's drive for domination under paramount leader Xi Jinping has triggered a global backlash. Of the four, India has fared best.
Investors who piled into emerging market funds lost heart as performance waned and the BRICs were superseded by the FAANGS - Facebook, Apple, Amazon, Netflix, Google-owner Alphabet and other red-hot US technology stocks such as Tesla.
Bu hikaye Sunday Express dergisinin June 18, 2023 sayısından alınmıştır.
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Bu hikaye Sunday Express dergisinin June 18, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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