[B]Brazil has overtaken the UK as the world's sixth largest economy, an economic research group has said.
[/B]The Centre for Economics and Business Research (CEBR) said its latest World Economic League Table showed Asian countries moving up and European countries falling back.
The CEBR also[B] predicted that the UK economy would overtake France by 2016.
[/B]It also said[B] the eurozone economy would shrink 0.6% in 2012 "if the euro problem is solved", or 2% if it is not.
[/B]
CEBR chief executive Douglas McWilliams told BBC Radio 4's Today programme that Brazil overtaking the UK was part of a growing trend.
"[B]I think it's part of the big economic change, where not only are we seeing a shift from the west to the east, but we're also seeing that countries that produce vital commodities - food and energy and things like that - are doing very well and they're gradually climbing up the economic league table,[/B]" he said.
A report based on International Monetary Fund data published earlier this year also said the Brazilian economy would overtake the UK in 2011.
[B]Brazil has a population of about 200 million, more than three times the population of the UK.[/B]
Brazil's economy grew by 7.5% last year, but the government has cut its growth forecast for 2011 to 3.5% after the economy ground to a halt in the third quarter, with analysts blaming the country's high interest rates and the worsening situation in the eurozone.
And although Brazil currently sells more to China than it imports, Brazilian manufacturers have complained that their industries are being affected by cheap mass-produced goods from the Asian giant.
The CEBR also said that Russia moved up one spot in its league table to ninth in 2011, and predicted that it would rise to fourth spot by 2020.
It predicted that India, the world's 10th biggest economy in 2011, would become the fifth largest by 2020.
And it said European countries would drop down the table, with Germany falling from fourth in 2011 to seventh in 2020, the UK from seventh to eighth, and France from fifth to ninth.
[IMG]http://i42.tinypic.com/2cnglf4.png[/IMG]
[URL]http://www.bbc.co.uk/news/business-16332115[/URL]
Okay
all of these statistics don't really mean alot to the average worker
or anyone that isnt a ceo of a banking firm really
Gibe money or I raport u. HUAHUEHUAHUE
wi has mor moni den u HUEHUEHEUHAHUEUH
surprised they're forecasting the us as the no 1 in 2020, it's been suggested over and over that china will have the largest economy by the middle of this decade
[QUOTE=toxicpiano;33904005]surprised they're forecasting the us as the no 1 in 2020, it's been suggested over and over that china will have the largest economy by the middle of this decade[/QUOTE]
except they have some semi-crippling problems on the rise
[QUOTE=toxicpiano;33904005]surprised they're forecasting the us as the no 1 in 2020, it's been suggested over and over that china will have the largest economy by the middle of this decade[/QUOTE]
All of China is getting old due to their 1-child laws, in a couple of years they will have a load of non-working old people with not enough young people to make up for it.
That's just one of the problems China is facing.
Those reports that China will grow past the US are based on China being able to keep up it's current growth.
Bear in mind, this list has italy ranked above russia.
In other words, not too credible.
Also, predicting germany won't be able to keep up with the developing economies. I chuckled.
why is us at the top?
This could just be a temporary thing, as Brazil [url=http://en.wikipedia.org/wiki/File:GDP_Real_Growth.svg] never went into the recession[/url]
If not, gg Brazil
Not like its making any diference at all in my life
Country is still shit
This list is fairly arbitrary, though. I mean, look at how much more balanced countries like Australia, Sweden and Canada are, to name a few. I know that China has a bigger economy than these and I accept that but still, the amount of poverty there is extreme so I want a list of the most balanced countries in the world. Can anyone provide one of these?
High GDP still won't get you anywhere if your average worker earns just enough to live under bad conditions.
Like the article already says, Brazil has close to 200 million inhabitants, which means that the GDP per capita is still low and not even close to that of the UK.
+ The list isn't GDP PPP, which is what counts.
Seeing as the UK has virtually no production or manufacturing anymore I'm hardly surprised.
We just import everything.
And people wonder why things are so bad.
[QUOTE=toxicpiano;33904005]surprised they're forecasting the us as the no 1 in 2020, it's been suggested over and over that china will have the largest economy by the middle of this decade[/QUOTE]
China's one child policy will come back to haunt them.
[QUOTE=RainbowStalin;33904777]Seeing as the UK has virtually no production or manufacturing anymore I'm hardly surprised.
We just import everything.
And people wonder why things are so bad.[/QUOTE]
Because moving to a service based economy is oh so bad. Why produce or manufacture if we're not going to be competative at it, or do you want British factories to be able to only pay 50p a day to workers.
[QUOTE=matt.ant;33903830][B]Brazil has a population of about 200 million, more than three times the population of the UK.[/B][/QUOTE]
So thats why 90% of servers I play on are BR? BR? BR? BR? BR? BR? HUEHUEHUEHUEHUE
[QUOTE=Electrocuter;33904232]All of China is getting old due to their 1-child laws, in a couple of years they will have a load of non-working old people with not enough young people to make up for it.
That's just one of the problems China is facing.
Those reports that China will grow past the US are based on China being able to keep up it's current growth.[/QUOTE]
Except the 1 child policy is only applied to 35% of its population.
[QUOTE=Atlascore;33905009]35% of a country's population growing old and only having one child is going to hurt their economy, use your brain.[/QUOTE]It's not like they have any money to support the economy with.
[QUOTE=Atlascore;33905009]35% of a country's population growing old and only having one child is going to hurt their economy, use your brain.[/QUOTE]
I only corrected his statement. Where did I say that it wouldn't hurt their economy?
I do like Samba. So good on them.
[QUOTE=Callius;33904958]Because moving to a service based economy is oh so bad. Why produce or manufacture if we're not going to be competative at it, or do you want British factories to be able to only pay 50p a day to workers.[/QUOTE]
It is unethical though, and bad for economic stability.
[QUOTE=Atlascore;33905063]
Whoops, sorry about that.[/QUOTE]
I mean, that's almost 460 million of their population. Of course it's going to hit them back sooner or later, and quite hard too. Their fertility rate is only 1.61, which is really low. Some information about the problem. Notice also that the population is also getting longer lifespan.
[url]http://www.prb.org/Articles/2006/ChinasConcernOverPopulationAgingandHealth.aspx[/url]
[QUOTE=Theater;33904268]Bear in mind, this list has italy ranked above russia.
In other words, not too credible.[/QUOTE]Size of country != size of the economy
[QUOTE=Theater;33904268]Also, predicting germany won't be able to keep up with the developing economies. I chuckled.[/QUOTE]
Don't chuckle. Germany has very low birth-rate, even for European standards.
Predictions are still predictions and when it comes to economies they are almost never true, especially when it's for the next 10, 20 or 30 years. Even 5 years are difficult to predict.
They base their predictions on the current growth rate and as you have seen the few last years that can change rapidly.
Fuck yeah
why am i not suddenly richer?
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