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Interesting that this news broke on Boxing Day when nobody - at least in the UK - was looking.
<span style="font-family: 'Arial Black'">Brazil overtakes UK as sixth-largest economy</span>
UK relegated to seventh place in world league of leading economies in 2011, according to team of economists
Phillip Inman
The Guardian, Monday 26 December 2011
Brazil has overtaken the UK to become the world's sixth-largest economy, according to a team of economists. 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.
Russia and India are expected to benefit from a surge in growth over the next 10 years and push the UK into eighth place. Like most economies, India is struggling with high inflation and slowing growth, but its highly educated workforce and skills in growth areas from IT and services to engineering will push the economy into fifth place. After a decade of selling oil and gas to Europe and other parts of Asia, Russia will be at number four.
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<span style="font-family: 'Arial Black'">Brazil overtakes UK as sixth-largest economy</span>
UK relegated to seventh place in world league of leading economies in 2011, according to team of economists
Phillip Inman
The Guardian, Monday 26 December 2011
Brazil has overtaken the UK to become the world's sixth-largest economy, according to a team of economists. 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.
Russia and India are expected to benefit from a surge in growth over the next 10 years and push the UK into eighth place. Like most economies, India is struggling with high inflation and slowing growth, but its highly educated workforce and skills in growth areas from IT and services to engineering will push the economy into fifth place. After a decade of selling oil and gas to Europe and other parts of Asia, Russia will be at number four.
More...
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