Looking for growth? Then look beyond the Brics, says Grant Thornton

By Nizar Manek, 17 April 2013
(Financial Times) -- 
Where are the best prospects among emerging nations? Not in the Brics countries, according to data on business optimism in 44 developed and emerging markets collated by Grant Thornton International, a network of business advisory firms. For the first time since it began collecting the data a decade ago, none of the Brics is among its top five countries.
Top of Grant Thornton’s optimism ranking is Peru, followed by the Philippines, the United Arab Emirates, Mexico and Chile. India, the highest of the Brics in the ranking, is in 6th place. Russia is in 11th, South Africa in 12th, Brazil 14th and mainland China in 23rd place.
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