December 26, 2012

The magic of currencies: UK overtakes Brazil as the world’s sixth largest economy

Despite recession and the poor performance Britain has clawed back the ground it lost to Brazil in the rankings of the world's richest economies - but it is not expected to hold on to the spot for long.

Only a year after being surpassed by Brazil for the first time, Britain has edged back ahead of Latin American largest economy in 2012 thanks to the weakness of the Brazilian currency, according to estimates from the Centre for Economics and Business Research. Read more.

MercoPress

Related,
Economic situation to worsen in Britain: Expert - PressTV

No comments:

Post a Comment