iPhone | iPad
Android
Huawei
Real estate developer MAG pledges to cover all the costs of necessary repairs for affected residents
KT APPDOWNLOAD
Bric nations still vulnerable to global shockwaves
LONDON - Bric countries have not become less vulnerable to global shocks despite their strong economic growth over the past four years, a survey showed on Monday.
Risk consultancy Maplecroft said its Global Risk Atlas, which highlights potentially destabilising factors in the world’s key growth economies, found that Brazil, Russia, India and China were no less susceptible to potential security or economic shocks than in previous years.
“With hopes for a global economic recovery resting with the Brics, investors and business seeking new high-growth, high-risk markets need to be aware of their limited resilience to global risks,” said Maplecroft CEO Alyson Warhurst in the report.
“A country’s resilience to external and internal shocks is built up over time, so as the Brics political risk environment improves we might see resilience strengthen, but our results reveal this is yet to happen.”
The term Bric is used to describe the four biggest developing economies — Brazil, Russia, India and China.
For some of them. governance and reform have not kept pace with economic growth, leaving them vulnerable to potential risks such as terrorism or climate change, the survey found.
According to the report, India and Russia are among 41 countries classified as “high risk”, with poor governance, systemic corruption and terrorism identified as particular risks.
More news from
The substantial increase in charges left many residents financially burdened, as they strive to retrieve their stranded vehicles
While parents acknowledge the importance of safety as a result of inclement weather, they also expressed disquiet about extended holidays
World number one Swiatek extended her run at the tournament to 10-0 as she brushed aside Briton Raducanu
The incident happened shortly after jury selection for the hush-money trial was completed
MS Dhoni's cameo in vain as five-time champions dealt thrid loss but hold on to third place in the standings
Roads and Transport Authority has been working round the clock to carry out maintenance work
Through this collaboration, Partisia Blockchain Foundation is set to discover and support the next generation of Web3 innovators
