Katrina ell, senior economist with moody s analytics, she told me the political uncertainty is impacting consumer sentiment. i think if we finally have some news on who the next leader will be that will revive activity a bit and will also help with external app as well. foreign investors have been watching this uncertain political situation so stability is good news. the brics group, made up of brazil, russia, india, china and south africa, are meeting injohannesburg for their summit of major emerging economies. 0ver a0 countries, including saudi arabia and iran want tojoin the group as it s seen by some as an alternative to established western institutions. one hot topic is whether they can work together on alternatives to the us
Of brazil, russia, india, china and south africa. they are meeting injohannesburg for their summit of major emerging economies and the heads of state and government have a lot to discuss when it comes to trade and economic ties. but one key participant won t be present. russian president vladimir putin will onlyjoin via a video link. top of the agenda will be a possible expansion of the bloc. 0ver a0 countries, including saudi arabia, uae, argentina and iran want tojoin the group. brics is seen by some as a logical alternative to established western institutions. however, making sure all the existing members, as well the new applicants, have enough common ground to work together may be harder to negotiate. joining me now is steven gruzd, head of african governance and diplomacy programme at the south african institute of international affairs. there is a lot for them to talk
And economy right now? in are the biggest risks for tile and economy right now? in the short term and economy right now? in the short term it and economy right now? in the short term it is and economy right now? in the short term it is instability - short term it is instability from knowing the next leader, medium to long term is about the stability of the government, given its an amalgamation of several different people and groups and thatis different people and groups and that is a concern which comes at the challenging time for thailand s economy. their economy is likely to grow a bit stronger this year on the back of improved international arrivals and services but it is coming at a time when goods exports are struggling and that is an important general and impact for thailand s economy. it s an ongoing challenge for the economy at the moment. the brics group, made up of brazil, russia, india, china and south africa, are meeting injohannesburg for their summit of major emergi