Fragile five
Under Fragile Five (English fragile five ) refers to five currencies and economies that are seen as particularly vulnerable to the return of the quantitative easing of the Fed . They are the countries Brazil , India , Turkey , Indonesia and South Africa .
Characteristics of the Fragile Five
What all countries have in common is that they are emerging economies , that they have benefited from capital inflows during quantitative easing and that they have current account deficits and have grown strongly in recent years.
| Country | currency | Population in millions |
GDP per person in purchasing power parity (Int-USD) |
Current account balance relative to GDP (2012) |
|---|---|---|---|---|
 Brazil
|
Brazilian real | 194.3 | 12,118 | −2.4% |
 India
|
Indian Rupee | 1259.7 | 3,991 | −5.0% |
 Indonesia
|
Indonesian rupiah | 241.0 | 5,182 | −2.7% |
 South Africa
|
South African rand | 51.1 | 11,525 | −6.3% |
 Turkey
|
Turkish lira | 75.6 | 15,264 | −6.0% |
Three of the five countries, Brazil, India and South Africa, are also part of the BRICS , but differ from the other two BRICS countries, China and Russia, in their current account deficits.
See also
- PIIGS : Group of five euro countries during the euro crisis that also had current account deficits
Individual evidence
- ↑ Article on Fragile Five. In: Financial Times
- ↑ Population figures in the DSW Report 2012. (PDF; 1.0 MB) World Population Foundation, July 2012, accessed on September 24, 2012 .
- ↑ factfish.com Factfish database with numbers from the World Bank