Simultaneous slowdown in Brics economies would jeopardise chances of pick-up in global growth this year, report says

The risk of the global economy being battered by a “perfect storm” in 2016 has been highlighted by the World Bank in a flagship report that warns that a synchronised slowdown in the biggest emerging markets could be intensified by a fresh bout of financial turmoil.

The Bank said the possibility that Brazil, Russia, India, China and South Africa – the so-called Brics economies – could all face problems simultaneously would put in jeopardy the chances of a pick-up in growth in the coming year.

It added that the impact would be heightened by severe financial market stress of the sort triggered in 2013 by the announcement by the Federal Reserve that it was  checked the surveillance video for February 17 and spotted the customer and transaction. Bruni

     and his partner viewed the videotape. It showed a man with his arm in a sling pushing a cart with

     two BluRay player boxes to the cashier and checking out. Runkle gave Bruni the receipt and the

     surveillance video.

¶7          Some two hours after Bruni and his partner left, Petty appeared at the store. Runkle called

     Bruni, and he and his partner returned and waited in the parking lot. Petty left without purchasing

     anything. Petty matched the physical description provided by Runkle, and Bruni