Which of the following statements about the BRIC countries is not correct ?

The four BRIC countries encompass over 25% of the world's land and 40% of world's population. They also hold a combined GDP (PPP) of about 15 trillion US$.

These four BRIC countries are the biggest and fastest growing emerging global markets.

As per an indication, in 2009 the Gross Domestic Product (GDP) of the BRIC countries will come down by a whooping 36% as compared to last year.

The BRIC countries can contribute to build a harmonious world of lasting peace and common prosperity.

The rst summit of the BRIC was held in June 2009 in Russia.