BRICS

August 2014 Summary: Global equity markets face potential policy shocks ƒBRICS announce the creation of the New Development Bank ƒArgentina defaults on its sovereign debt Extremely loose monetary policies adopted by major monetary authorities in develo ...

September 2013 Summary: BRICS establish anti-crisis facility Western Europe exits recession Growth in emerging markets remains uneven amid structural issues and tightening external financing conditions During the G20 summit, the countries of the BRICS ...

May 2013 Summary:  Commodity prices decline as global trade remains weak The ECB cuts interest rates, returning to conventional monetary policy Economic momentum weakens in East Asia; another interest rate cut in India The global economy continued to e ...