In January’s ICF newsletter CRU highlighted China’s rise to prominence as a leading consumer market, as well as its leading role as a global producer in the wire and cable industry. In this edition we switch our focus to South America and look at Brazil, the region’s largest market and producer for wire and cable.
As we’ll see in this article, however, China’s economic might and strategic interests has made its presence felt in Brazil and South America, so there will be more than a passing mention of China in this instalment.
GDP growth rates forecast by the IMF from 2010 through 2015 show advanced economies growing at an annualized rate of approximately 2.2%, while emerging economies are forecast to grow with a CAGR of almost 6.9%. These growth rates will exceed the GDP growth that both blocs registered from 2000 through 2009 of 1.6% and 5.9% respectively. China and India in the last decade have become growth engines for the bloc of emerging countries?/?developing economies. Economists and the popular press have taken to grouping together China, India, Russia and Brazil, or »BRIC«, signifying the largest and most dynamic emerging economies. ... read more