Tuesday 6 March 2012

Brazil ‘Overtakes UK’s Economy’

BBC: Brazil has become the sixth-biggest economy in the world, the country's finance minister has said.

The Latin American nation's economy grew 2.7% last year, official figures show, more than the UK's 0.8% growth.

The National Institute of Economic and Social Research (NIESR) and other economic forecasters also said that Brazil had now overtaken the UK.

The Brazilian economy is now worth $2.5tn (£1.6tn), according to Finance Minister Guido Mantega. » | Tuesday, March 06, 2012