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

Posted in: Brazil, Business, Economic Growth, economy