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02 Jan 2012

Brazil economy will overtake UK in 2011

Analysis from the Centre of Economics and Business Research sees Brazil rising

Exact Invest A/S reported in October that Brazil during 2011 would overtake Britain's position as the world's sixth largest economy. Read the news here.

The Centre of Economics and Business Research (CEBR) comes to the same conclusion in a new analysis. CEBR chief executive, Douglas McWilliams, said to the The Telegraph in relation to the release:

"Brazil has beaten the European countries at soccer for a long time, but beating them at economics is a new phenomenon."

Brazil's official GDP figures for the remainder of 2011 will be published on March 6th, 2012.

Source: telegraph.co.uk