BRICS is dead, long live MICKI

Brazil (-3.7%) and Russia (-1.3%) are experiencing negative growth and South Africa (+0.7%) is stagnating. Which leaves only China (+6.5%) and India (+7.5%) from the BRICS motor. But Indonesia(+5.1%), Kenya (+5.8%) and even Malaysia (+4.4%) are growing and it is time to bury BRICS and start talking about MICKI (Malaysia, India, China, Kenya and Indonesia).

(Map by Focus Economics)

MICKI - Emerging Markets (map by Focus Economics)

MICKI – Emerging Markets (map by Focus Economics)


 

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