In its recent World Economic Outlook update in July, the IMF revised down its April forecasts for global growth in 2013 by 0,2 percentage points, mainly as a result of a sudden deterioration in the outlook for the emerging markets.
The Brics countries featured very strongly in this downgrade: growth in China was lowered from 7,8 per cent to 7,5 per cent; Russia from 3,4 per cent to 2,5 per cent; India from 5,8 per cent to 5,6 per cent; Brazil from 3,0 per cent to 2,5 per cent and South Africa from 2,8 per cent to 2,0 per cent.