In his Budget speech 2018 speech Finance Minister has mentioned term lsquo Fragile Five rsquo which ...........

Economic Affairs Public Finance and Debt Management

In his Budget speech (2018) speech, Finance Minister has mentioned term ‘Fragile Five’ which of the following statement/s is/are correct with respect to it-

1) Term coined by Goldman Sach's Jim O'Neill's.

2) It included countries- Turkey, Brazil, India, South Africa and Indonesia.

3) It is associated with global economic recovery between 2011 and 2014.

Select the correct answer using the codes given below:

1 and 2

1 and 3

2 and 3

Only 2

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Explanation:

Fragile Five is a term coined in August of 2013 by a research analyst at Morgan Stanley to represent emerging market economies that have become too dependent on unreliable foreign investment to finance their growth ambitions.
The Fragile Five include Turkey, Brazil, India, South Africa, and Indonesia.
The Fragile Five came into focus in 2013 and 2014 as emerging market economies that relied on foreign investments to cover current account deficits and finance growth began to see capital outflows as a result of improvements in developed economies.