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Goldman Sachs: Brics Soon to be in G7

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by Alexandra Stevenson

June 27, 2011

Even the world’s most bullish investment bank didn’t see this one coming so soon. The collective GDP of all four Bric countries is set to overtake that of the US by 2013 according to Goldman Sachs, whose Jim O’Neill first christened the group in 2001.

Even the world’s most bullish investment bank didn’t see this one coming so soon.  The collective GDP of all four Bric countries is set to overtake that of the US by 2013 according to Goldman Sachs, whose Jim O’Neill first christened the group in 2001.

In a monthly note to investors, the bank also said Bric GDP is now worth 75 per cent of US GDP. That sum, in case you’re wondering, is US$11,200bn.

Goldman Sachs doesn’t actually say Bric GDP will surpass US GDP by 2013 (it instead chooses a more vague “several years”), but the chart’s implications are pretty clear, assuming that Bric growth continues at the current rate.

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