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Brazil has Britain to become the world’s sixth economy. A study from the UK’s Centre for Economics and Business Research (CEBR) shows that the Brazilian economy is one of the world’s growing and that its strong economic performance will . Its GDP for this year will be US$2.4 trillion. Only the United States, China, Japan, Germany and France have larger economies. Brazilian minister Guido Mantega said his country had outperformed Britain because it better during the world financial . He also said Brazil’s economy was strengthening. Mantega it would grow between 4 to 5 per cent in 2012. This is the kind of his British counterpart can only dream of; Britain’s economy is currently in of dipping back into negative growth and recession.

The of the CEBR, Douglas McWilliams, told BBC Radio that Brazil overtaking the UK was part of a trend that will see the BRIC countries (Brazil, Russia, India and China) emerge the most important economies. He predicts they will all be in the six of the World Economic League Table by 2020, the US and Japan. McWilliams said: “I think it’s part of the big economic , where not only are we seeing a from the west to the east, but we’re also seeing that countries that produce vital commodities, food and energy and like that, are doing very well and they’re climbing up the economic league table.” Mr Mantega said: “European countries have much higher per capita income than we do. We’ll need 10, 20 years to European standards.”