UK no longer sixth-largest economy

Brazil will remain one of the fastest-growing nations in the coming years after overtaking the U.K. this year to become the world’s sixth-largest economy, the country’s Finance Minister Guido Mantega said.
“The countries that will grow the most are the emerging markets such as Brazil, China, India and Russia,” Mantega said in a statement published on the finance ministry’s web site, referring to findings by the London-based Center for Economics and Business Research, or CEBR. “The trend is for Brazil to remain one of the world’s top economies.”
The CEBR echoed forecasts earlier this year by the International Monetary Fund showing that Brazil’s $2.5 trillion economy had overtaken the U.K. to become the world’s sixth- largest. The IMF expects Brazil to climb past France to become the fifth-largest economy by 2016.
While Brazil’s economic growth is forecast to slow from 7.5 percent in 2010 to 3 percent this year, that’s still faster than the 0.9 percent growth economists expect from the U.K., according to Bloomberg surveys.