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Wednesday, December 28th, 2011

Brazil Overtakes Britain as Sixth Largest Economy

Author:    
Source:     Agence France-Presse (France)
Publication Date:     Monday, 26 Dec 2011, 1:56 PM EST
 Link: Brazil Overtakes Britain as Sixth Largest Economy
Stephan:   Here is the latest evidence for the greatest geopolitical shift in a century. If you are 40 or older most of your life has been lived in the bipolar geopolitical reality of the Soviet Union and the United States. A perspective that, after the fall of the USSR, evolved into Bush-Cheney American Triumphalism. Now we are living in the emerging multipolar geopolitical reality in which, for the first time in 500 years, the world will not be organized on Atlantic Caucasian values. At the same time the U.S. is becoming a multi-minority society in which Whites are no longer the majority. This reality, hardly ever discussed directly, is one of the motivating impulses behind the Tea Party and the Right Wing hysteria over immigration

Brazil has overtaken Britain as the world’s sixth largest economy, a London-based research group said Monday.

In its latest World Economic League Table, the Centre for Economics and Business Research (CEBR) said Asian countries were moving up while European countries were slipping down.

Brazil’s population of about 200 million is more than three times that of Britain.

The Brazilian economy grew 7.5 percent in 2010, but the government has cut its growth projections to 3.5 percent for this year after the economy slowed in the third quarter.

The CEBR also predicted that the British economy would overtake France — ranked fifth this year — by 2016 and it said India, the world’s 10th biggest economy in 2011, would move up to fifth place by 2020.

It says the US economy is the biggest, followed by China, Japan and Germany.

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