Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.


Term of the day

The Fragile Five Biits

The Fragile Five, or the Fragile Five Biits, is a term coined in 2013 to refer to Brazil, Indonesia, India, Turkey and South Africa. There was some fear at the time that the difficulties being experienced by these five emerging economies, especially with their currencies, could trigger a generalised crisis in the same way that Thailand triggered a global crisis in 1997.


Fragile Five in the news

In August 2013 an FT writer concluded that although the Fragile Five collectively accounted for about 7...