Wednesday, April 4, 2012

Brazil becomes world's sixth largest Economy


Brazil has claimed the UK's spot as the world's sixth largest economy after official figures showed its economy rose 2.7% last year against the UK's 0.8%. France remains in fifth place behind Germany, Japan, China and the US.
The per capita income of Brazilians remains less than a third of that enjoyed in the UK at $11,000 (£7,000) per head, but the situation is improving all the time while western economies largely stagnate.
The economic thinktank, the CEBR, predicted last year that Brazil would climb above the UK in 2012 and would itself be leapfrogged by India and Russia by 2020.
To read Full Article by The Guardian click here