Brazil overtakes Great Britain (UK) to become world’s 6th largest economy

Brazil Overtakes Britain To Become World’s Sixth Largest Economy

São Paulo

Anderson Antunes, Contributor
Forbes

According to a team of British economists from the Centre for Economics and Business Research (CEBR), Brazil has already overtaken the UK as the world’s sixth-largest economy.

The Guardian‘s Phillip Inman reports today:

“The banking crash of 2008 and the subsequent recession has relegated the UK to seventh place in 2011, behind South America’s largest economy, which has boomed on the back of exports to China and the far east.

The only compensation for ministers concerned by Britain’s relative fall is that France will fall at a faster pace. Nicolas Sarkozy can still boast that France is the fifth-largest economy behind the US at number one, China, Japan and Germany, but by 2020, the Centre for Economics and business Research (CEBR) forecasts it will fall past the UK into ninth spot. Germany will also slip to seventh place in 2020.”

Douglas McWilliams, CEBR’s chief executive, pointed that “Brazil has beaten the European countries at soccer for a long time, but beating them at economics is a new phenomenon. Our world economic league table shows how the economic map is changing, with Asian countries and commodity-producing economies climbing up the league while we in Europe fall back.”

http://www.forbes.com/sites/andersonantunes/2011/12/26/brazil-overtakes-britain-to-become-worlds-sixth-largest-economy/?feed=rss_home