By  on April 30, 2012

NEW YORK — The BRIC countries may represent huge potential for luxury goods brands, but there also are major pitfalls.

Anna Stupnytska, executive director and macroeconomist in the Asset Management division of Goldman Sachs, said, by 2050, Brazil, Russia, India and China, along with the U.S., could be the largest five economies in the world. Stupnytska said the estimate is that by this time about 2 billion people globally will have joined the middle class, 300 million from the BRICs alone.

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