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The big ideas of 2016: growth of the Anglosphere/decline of the Brics

Out with the new—in with the old

By Jay Elwes   January 2016

Read the rest of Prospect’s big ideas of 2016 here

Prepare for a return of the old economic order. In the coming year, growth in Britain and the United States will be steady, unemployment will decline, interest rates will rise and there may even be a pinch of inflation. And while the “Anglo-Saxon” model delivers this welcome result, the so-called “Bric” economies, a group that includes Brazil, Russia and China, will run into trouble.

The World Bank says that both Britain and the US will grow at 2.8…

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