Brazil “overtakes UK’s economy”

http://www.bbc.co.uk/news/business-17272716

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.

But Mr Mantega was keen to play down the symbolic transition – which comes after China officially overtook Japan as the world’s second-biggest economy last year.

“It is not important to be the world’s sixth-biggest economy, but to be among the most dynamic economies, and with sustainable growth,” he said.

Brazil is enjoying an economic boom because of high food and oil prices, which has led to rapid growth.

In 2010, the Brazilian economy was worth $2.09tn, compared with the UK’s $2.25tn total output, in current US dollars, according to the International Monetary Fund.

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here come the BRICS..

401

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~ by seeker401 on March 12, 2012.

3 Responses to “Brazil “overtakes UK’s economy””

  1. YES…I have read that Brazil and the emerging Latin America countries are the places to invest these days. Seems that their governments are situated to foster stable economies and growth. All of us Americans can only relate that our coffee and gas is getting cost prohibitive, as weil as our food. My opiniion, Americans have had it too good for too long and we can count on our goverment to make it worse. I am all for these emerging countries including Southeas Asia, getting a piece of the pie. Been a long time since I have smelled the aroma of “Moms” home baked apple pie or have seen the good old stars and stripes taken seriously. It’s a sham and a shame.

  2. Sustainable my ass. If Brazil were interested in sustainability it would have elected Marina Silva not that sellout pos Rousseff.
    Brazil sucks just as much as we do. It murders its indigenous and poor wholesale. The country is not emerging, its oligarchs are emerging.
    http://news.mongabay.com/2011/0717-trennepohl_genocide.html
    http://americasouthandnorth.wordpress.com/2012/01/12/paramilitary-militias-continue-to-be-a-real-threat-to-peace-in-brazil/
    http://www.focus-fen.net/index.php?id=n272947

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