What is BRICS? Group of world leaders that considered making a new currency meet to discuss economy

China’s economy appears to be slowing with data showing declines in exports, imports A group of world leaders is meeting at the BRICS summit in Johannesburg, South Africa this week. BRICS is a group of five countries with emerging economies that want to instate their own world economic and trade systems and has discussed creating a new currency. Dozens of other countries want to join the group - but what is BRICS? What is BRICS? The acronym, which was originally BRIC, was coined in 2001 by Goldman Sachs analyst Jim O’Neill, who wrote a paper on emerging economies. O’Neill said…