On the Exposure of the BRIC Countries to Global Economic Shocks

Belke, Ansgar; Dreger, Christian; Dubova, Irina

doi:10.2139/ssrn.2812016

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2020

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“…improvement in advanced economies. Belke et al (2017) suggest that the divergence in business cycles is largely due to the transformation in the Chinese economy. During the financial crisis, the Chinese authorities implemented a massive fiscal stimulus 5 to prevent a decline in GDP growth.…”

Section: Box B (Continued)mentioning

confidence: 99%

THE WORLD ECONOMY: Global outlook overview

Naisbitt¹,

Boshoff²,

Holland³

et al. 2020

NIER

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We would like to thank Jagjit Chadha and Garry Young for helpful comments and Patricia Sanchez Juanino for preparing the charts and compiling the database underlying the forecast. The forecast was completed on 17 July 2020. Exchange rate, interest rate and equity price assumptions are based on information available to 10 July 2020. Unless otherwise specified, the source of all data reported in tables and figures is the NiGEM database and NIESR forecast baseline.

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Section: Box B (Continued)mentioning

confidence: 99%