Currently, shrouded in the U.S. and European economies over the "cloud" has not yet dispersed, the economic growth of the emerging economies of the Western media once let emotion. Reuters reported on March 24 that, regardless of the the Cyprus financial crisis ended the difficulties facing the country are once again show that the rich countries are still suffering from the financial crisis hit the weak links in the global economy. In contrast, emerging markets appear not only stronger, and more continue to contribute to global economic growth.
Bank of America Merrill Lynch analysts said the worst case of Cyprus was forced to withdraw from the euro zone, the breakup of the eurozone would dampen investment, may make the economies of the euro zone four trends in the period 2015-2020 the average growth rate is reduced by one. percentage points. They think that, in that case, Germany's trend growth rate may drop to zero.
In the euro zone policy makers are still struggling to maintain the euro full BRIC summit to be held in Durban, South Africa,
The leaders of the BRIC countries will meet to consolidate the foundation of economic growth in emerging markets. Jim O'Neill, chairman of Goldman Sachs Asset Management department pointed out that Cyprus chaos after the convening of the BRIC summit, which summarizes the changes in the global economic landscape.
Reuters pointed out, the global data also shows that the developing countries are relatively strong vitality. The Citigroup economist disclose the volume of trade between developed economies fell by 6% in the past four years, a 38% increase in trade between emerging economies.
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