DAVOS, Switzerland: Ministers from the BRICS economies defended their growth prospects on Thursday (Friday in Manila) despite waves of turbulence caused by the tightening of monetary stimulus in the United States and concerns about a potential cash crunch in China.
“I still believe that the BRICS will continue to lead the global economy,” said Guido Mantega, the Brazilian finance minister, while discussing the state of the world’s emerging powerhouses at the Davos World Economic Forum.
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