Goldman Sachs Says BRICs ‘Halcyon Days’ Consigned to History

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  • Slowing China will have far-reaching impact on emerging growth
  • Investment case for developing assets improving with economies

A recovery in BRIC countries won’t recapture growth rates that brought them to prominence a decade ago, according to the chief emerging-market macro strategist at Goldman Sachs Group Inc., the bank which coined the term.

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