Wednesday, April 8, 2009
Is BRIC Still Poised to Lead Us to a Recovery?
The BRIC (Brazil, Russia, India and China) countries have been much ballyhooed as integral to global recovery. Their fast growing economies and sheer number of people (40% of the world's population), positions these economies to drive the market. Thought by some to be immune from the global recession, this was not the case, but Jones Lang LaSalle (JLL) forecasts that the BRIC real estate markets will recover faster than European and U.S. markets, with India and China leading the way. JLL predicts India’s property sector may begin recovery as early as year-end, and attract as much as $12 billion in real estate investment over five years. Billionaire investor Li Ka-shing predicts China will lead a global economic recovery and suggests investors buy shares and real estate (Bloomberg, March 26). As BRIC consumers flex their new-found muscle, retail investors are eyeing BRIC markets. Download NAI Global's report on the economic impact of the consumer consumption across the BRIC markets.