Brazil to be world’s sixth largest economy in 2011
October 31st, 2011 - 1:57 pm ICT by IANSRio De Janeiro, Oct 31 (IANS) Brazil will become the world’s sixth largest economy in 2011 due to the global financial crisis that has affected the main economic powers, the International Monetary Fund and several other organisations said.
According to data, which was quoted by local newspapers, Brazil’s gross domestic product (GDP) in 2011 will surpass Britain’s, reaching $2.44 trillion against Britain’s $2.41 trillion and make Brazil the world’s sixth largest economy, reported Xinhua.
In 2010, Brazil became the seventh largest economy in the world by surpassing Italy.
At the end of the decade, the Brazilian GDP will be larger than any other European country’s, according to the Economist Intelligence Unit (EIU)’s forecast, which estimated that the Brazilian economy will surpass Germany’s in 2020.
- Brazilian economy grew 2.7 percent in 2011 - Mar 07, 2012
- China's economy to surpass that of US by 2016: IMF - Apr 26, 2011
- Brazil will soon be world's No.5 economy: Minister - Dec 28, 2011
- Bankers revise Brazil's growth outlook downward - Dec 27, 2011
- Five cities hold 25 percent of Brazil's national wealth - Dec 15, 2011
- Brazil's inflation rate may exceed 6.5 percent in 2011 - Dec 23, 2011
- Brazil to tackle economic crisis by more investment - Sep 03, 2011
- `Brazil's economic slowdown is temporary' - Dec 07, 2011
- Fitch reduces Brazil's GDP growth projection - Dec 13, 2011
- Brazilian government sees economy expanding through 2014 - Feb 14, 2012
- Cisco to invest $545 mn in Brazil - Apr 04, 2012
- Brazil's accumulated GDP slows - Jun 04, 2011
- Brazil announces plan to boost exports - Feb 18, 2012
- Brazilian finance minister upbeat about economy - Nov 24, 2011
- Spain's economy will shrink in 2012: IMF - Jan 25, 2012
Tags: brazil, brazilian economy, decade, economic powers, economist intelligence unit, economist intelligence unit eiu, gdp, germany, global financial crisis, gross domestic product, intelligence unit eiu, international monetary fund, italy, local newspapers, oct 31, organisations, rio de janeiro, trillion, xinhua