Brazil has surpassed the UK in terms of GDP and is the world’s sixth largest economy, according to experts from the UK Centre for Economic and Business Research (CEBR), The Guardian reports. Brazil was able to rise due to an increase in exports to China and other East Asian countries, while the UK was still experiencing the negative consequences of the 2010 banking crisis.
China will again demonstrate the highest economic growth in the coming decade. According to the baseline scenario, the Chinese economy will be increasing by an average of 7.6 percent annually up until 2020.
For more: Brazil surpassed UK in the world’s largest economies ranking
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