DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/8www9n/global_economic) has announced the addition of the "Global Economic Outlook 2015-BRICS" report to their offering.
Apart from India which appears to be on an upward growth trajectory, the growth outlook for BRICS countries remains subdued. Russia is expected to continue to reel under the pressures of Western sanctions and falling crude oil prices, and no growth is expected in 2015. China's housing market is expected to continue to remain weak in 2015 after a significant decline in housing sales in 2014. Weak growth is expected in South Africa and Brazil as well.
India appears to be on a steady growth path as a result of macroeconomic reforms pursued by the new government, increasing foreign investments, booming business confidence, and easing inflation. India is expected to experience the highest growth in 2015 amongst the BRICS countries.
Russia's economic growth has been severely hurt as a result of sanctions imposed by the United States (US) and the European Union (EU) and low oil prices. The country is expected to enter recession in 2015.
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