OECD: Brazil Shows Lowest Growth Rate among BRICs

OECD predicts today that Brazil's economic growth rate this year won't exceed 15.%, making it the lowest among BRICs. OECD further indicates that economic growth rates of BRICs members this year should be as follows: China 7.5%, India 4.4%, Russia 3.4%, South Africa 2.6%, and Brazil 1.5%.

In addition, OECD expects that China and India will remain their leading position in the market, with prospect of 6.5% economic growth rate, and Brazil with growth rate between 4% and 4.1%, and Russia as well as South Africa between 3% and.4%.

According to the report, Brazil's economy is turning good but is still below the overall growth of BRICs. Despite the uplift of credit status, the decrease in unemployment rate and  inflation stablizing, Brazil still has to intensify export investment.

OECD predicts that global economy will go into the direction of slow and unstable recovery, and suggests that countries worldwide took actions to defend from the effect of global economic crisis, with a view to prevent from economic depression.

OECD Secretary Angel Gurria states that, global economy is in danger of depression at any time; therefore, countries worldwide  should make a decisive action, adopting all feasible plans to restore market confidence, and promting for economic growth and employment rate in America, Europe and other countries.