So it is official. India is the only Bric left standing. Brazil, which shrank 4.5 per cent year on year in the third quarter, seems destined for its worst recession since the 1930s. Russia’s oil-dependent economy is in the grip of fierce contraction and South Africa has only just managed to avoid outright recession. Even the mighty China, after years of stimulus and over-reliance on ozone-destroying heavy industry, is growing at its slowest pace in 25 years.
局面已經明朗。印度是金磚五國中唯一一個還站著的。巴西今年第三季度GDP同比萎縮4.5%，似乎註定將要陷入自上世紀30年代以來最嚴重的衰退。依賴石油的俄羅斯經濟陷入了嚴重的收縮，南非勉強躲過了絕對值意義上的經濟衰退。即使是強大的中國，在多年的經濟刺激和過度依賴汙染嚴重的重工業後，現在的成長速度也是25年以來最慢的。
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