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BRICS countries to see robust growth in 2011: IMF

Wednesday, 13 April 2011


WASHINGTON, April 12 (Xinhua): The BRICS countries will continue to see robust economic growth in 2011, said the International Monetary Fund (IMF) Monday. The world output is projected to rise by 4.4 per cent this year, while emerging and developing economies will grow at a much higher 6.5 per cent, said the IMF in its latest World Economic Outlook report (WEO). As leading emerging economies, the BRICS countries, which is the combination of Brazil, Russia, India, China and South Africa, will continue to outpace other countries, said the IMF. Among them, China's economic growth is expected to remain robust at 9.6 per cent this year and 9.5 per cent in 2012, with drivers of China's growth shifting increasingly from public to private demand, said the report. With respect to India, its output is projected to grow 8.2 per cent in 2011 and 7.8 per cent in 2012.