Business / Economy

Emerging economies remain dynamic: Brazilian president

(Xinhua) Updated: 2014-01-25 18:41

 Emerging economies remain dynamic: Brazilian president

Brazil's President Dilma Rousseff speaks during a session at the annual meeting of the World Economic Forum (WEF) in Davos January 24, 2014. [Photo/Agencies] 

DAVOS - Emerging economies remained dynamic thanks to their development potentials in long term, said Brazilian President Dilma Rousseff on Friday.

"The view or notion according to which following the crisis emerging economy would be allegedly less dynamic is overhasty," said Rousseff in a speech in Davos at the World Economic Forum.

She said, emerging markets were in social mobility process, and in high demand for investment in logistic, urban, energy, industry and agriculture infrastructure, and were establishing dynamic domestic market which was made up "by hundreds of millions, sometimes even billions of consumers".

In a long term, emerging markets have the biggest investment opportunities and prospective expanding consumption, which will contribute to economic growth.

"From that perspective, even if it is true that developed economies show clearer signs of recovery, emerging economies were still continually performing its strategic role," Rousseff said, adding that developed economies would also "create a more favorable global economic environment for everyone", once they come out of the crisis.

Growth of emerging markets were slowing down while developed economies showed signs of recovery when the global economy entered its fifth year in crisis, causing concerns that the emerging markets, represented by BRICS countries, have lost their momentum after leading the world economy when growth of developed countries were absent.

"It is absolutely essential to bear in mind the medium and long term time horizons in our reviews in order to support diagnoses and the requirement to ensure growth of different economies," said Rousseff.


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