Share

Brazil is the sixth largest economy in the world and surpasses the United Kingdom

The Cebr ranking: United States, China, Japan, Germany, France and Brazil - After the 2008 financial crisis and the consequent recession, Great Britain remains behind, in seventh place - The map of the world economy is changing: in 2020 Russia and India will be in fourth and fifth position – In 2012 the global GDP will grow by 2,5%

Brazil is the sixth largest economy in the world and surpasses the United Kingdom

A great success will be celebrated at the Rio carnival this year. According to a study by Cebr, the Center for Economic and Business research, Brazil has become the sixth largest economy in the world. Merit of the rapid development achieved mainly thanks to exports to China and the Far East. Thus Rio has bypassed London which remains only in seventh position. The top 5 consists of United States, China, Japan, Germany and France, but this sequence will not last long. "Our ranking - said Douglas McWilliams, Cebr's CEO - shows how the map of the world economy is changing, how Asian countries and those producing commodities are climbing towards the top, while Europe remains behind".

The center expects that the Russia andIndia will benefit, over the next 10 years, from high growth reaching fourth and fifth position respectively, while the British economy will become eighth. Bitter consolation for London: there too France it will not be able to keep up with the emerging economies and in 2020 it will have finished in ninth place. So the Germany, now fourth, will drop to seventh in 8 years.

The European Union will continue to be the largest trading block in the world but the value of trade on earth will decrease: Cebr predicts a recession in 2012 and world growth will be only 2,5%. In addition, the center warned that "if one or more countries were to leave the euro area or declare default, this could cause an even greater slowdown and global growth would be only 1,1%".

In the coming years, therefore, the emerging countries will be the protagonists of the world scene. The Brazil, according to Cebr, will grow by 2,5% in 2012, and by 2,8% this year. There China will experience an expansion of 7,6%. THE'India, despite having been battling high inflation for months, will still see an increase in GDP by 6%, largely due to the skilled workforce and development of the IT and engineering sectors. Also there Russia, strong of his strategic position between Europe and Asia, will grow in the next year at a rate of 2,8%.

 

Read the article about Guardian and Estadão

comments