Connect with us

PHOTOSPEAKS

Britain loses spot as sixth-largest economy to Brazil

Published

on

Britain loses spot as sixth-largest economy to Brazil 3

Britain has lost its spot as the world’s sixth largest economy to Brazil, according the Centre for Economics and Business Research.
The resource-rich South American economy has surged on exports to China, unhampered by the 2008 financial crisis that has hit growth in the UK.
CEBR chief executive Douglas McWilliams said: “Brazil has beaten the European countries at soccer for a long time, but beating them at economics is a new phenomenon. Our world economic league table shows how the economic map is changing, with Asian countries and commodity-producing economies climbing up the league while we in Europe fall back.”
However over the next 10 years, Britain is expected to fare better than France, which is currently the fifth-largest economy behind the US at number one, China, Japan and Germany.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

LATEST NEWS

BBNaija's Ka3na Fakes Pregnancy In Order to Promote New Business BBNaija's Ka3na Fakes Pregnancy In Order to Promote New Business
Business5 mins ago

BBNaija’s Ka3na Fakes Pregnancy In Order to Promote New Business

Former Big Brother Naija Housemate, Ka3na has been receiving a lot of criticism from social media users for pulling a...

DSS Arrests Syndicates Selling New Naira Notes, Accuses Bank Officials Of Working With Them DSS Arrests Syndicates Selling New Naira Notes, Accuses Bank Officials Of Working With Them
News34 mins ago

DSS Arrests Syndicates Selling New Naira Notes, Accuses Bank Officials Of Working With Them

The Department of State Services (DSS) has arrested some members of an organized syndicate for allegedly selling the newly redesigned...

Man Kills Wife, Dumps Her Body In Pit Toilet After She Withdrew Domestic Violence Case Against Him Man Kills Wife, Dumps Her Body In Pit Toilet After She Withdrew Domestic Violence Case Against Him
Metro53 mins ago

Man Kills Wife, Dumps Her Body In Pit Toilet After She Withdrew Domestic Violence Case Against Him

A 38-year-old man, Livhuwani Madadzhe, also known as comedian SABC Livhu, has been arrested for allegedly killing his wife, Lindelani...

Mercy Eke Opens Up About Her Childhood, Reveals Why She Speaks With Igbo Accent Mercy Eke Opens Up About Her Childhood, Reveals Why She Speaks With Igbo Accent
Celebrities1 hour ago

This Year I Want People To Think I Did Blood Money – BBNaija’s Mercy Eke

Former Big Brother Naija (BBNaija) reality TV show winner, Mercy Eke on Monday, revealed her main aspiration for 2023. Mercy...

Actor Junior Pope And Colleagues Robbed At Gunpoint On Their Way From Movie Shot In Delta [Video] Actor Junior Pope And Colleagues Robbed At Gunpoint On Their Way From Movie Shot In Delta [Video]
Entertainment2 hours ago

Actor Junior Pope And Colleagues Robbed At Gunpoint On Their Way From Movie Shot In Delta [Video]

Nollywood actor, Junior Pope Odonwodo has narrated how he and his colleagues were robbed at gunpoint in Ubulu Okiti, Delta...

Eight People Shot Dead As Gunmen Open Fire At Birthday Party In South Africa Eight People Shot Dead As Gunmen Open Fire At Birthday Party In South Africa
World News2 hours ago

Eight People Shot Dead As Gunmen Open Fire At Birthday Party In South Africa

Gunmen have killed eight people and injured four others during a mass shooting at a birthday party in South Africa....

Alexx Ekubo Returns To Instagram After Messy Breakup With Ex-Girlfriend, Fancy Acholonu Alexx Ekubo Returns To Instagram After Messy Breakup With Ex-Girlfriend, Fancy Acholonu
Entertainment3 hours ago

Alexx Ekubo Returns To Instagram After Messy Breakup With Ex-Girlfriend, Fancy Acholonu

Nollywood actor, Alexx Ekubo has returned to social media after messy breakup drama with his Ex-girlfriend, Fancy Acholonu. KanyiDaily recalls...

Blackfacenaija Blackfacenaija
Celebrities4 hours ago

Why Are People Not Frowning At Artistes Sampling Others’ Intellectual Property With Giving Credit – Blackfacenaija

Nigerian singer, Augustine Ahmedu, popularly known as Blackfacenaija has wondered why people are not frowning at their “favourite artistes” using...

Sabinus's Lover, Ciana Celebrates Birthday By Showing Off Wedding Rings Sabinus's Lover, Ciana Celebrates Birthday By Showing Off Wedding Rings
Celebrities4 hours ago

Sabinus’s Lover, Ciana Celebrates Birthday By Showing Off Wedding Rings

Popular Nigerian Skit Maker, Sabinus clocked a new age on the 30th of January and his lover, Ciana took to...

INEC Staff Caught On Camera Demanding N1000 Before Giving Out PVCs In Enugu [Video] INEC Staff Caught On Camera Demanding N1000 Before Giving Out PVCs In Enugu [Video]
Videos5 hours ago

INEC Staff Caught On Camera Demanding N1000 Before Giving Out PVCs In Enugu [Video]

A staff of the Independent National Electoral Commission (INEC) has been caught on camera collecting money for Permanent Voters’ Card...

close