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BRIC


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Denoting the economies of Brazil, Russia, India, and China, which experienced fast growth in the 2000s and are predicted to overtake many Western economies by 2050. The acronyms BRICET (including Eastern Europe and Turkey) and BRIMC (including Mexico) are also sometimes used. Funds investing in these countries are known as BRIC funds.

Subjects: Financial Institutions and Services — Accounting.


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