Wednesday, March 7, 2012

Brazil 'overtakes UK's economy'

Although notorious for taking loans, BBC reports that Brazil has become the sixth-biggest economy in the world, quoting Brazil's finance minister.

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.
Read details: BBC News Business


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