World’s eye on emerging economies

As the New Year 2012 begins the world will keep an eye on emerging economies to examine signs that weather after the last year set back, these countries are finding stability or losing momentum. The end of year 2011 was with stock indices of many emerging economies in difficult conditions. In BRIC countries exchanges had been disastrous in year 2011; countries like Brazil and Russia were down by 18 per cent, China 21 per cent and India 23 per cent. Returns have been quite bad for the emerging economies in the past few years. Egypt was down for 50 per cent and Greece even more than that. The currencies of emerging economies experienced similar disaster.

In Brazil the GDP crashed to a range of 0.7 to 8 per cent in the course of year 2011. In most countries return resulted in significant softening in many countries. This GDP growth turned out to be negative for many countries which were troubled by the European zone crises. It includes countries like Greece, Portugal and Ireland. The double specter of political and economic turmoil resulted in creating trouble for round the world emerging economies in the last year. On the other hand the GDP and real estate growth for the developed countries ended on a mixed note. United States of America and United Kingdom were able to balance out their GDP growth rate.