In what is likely a changing of the guard in the global economic landscape, the surging economy of Brazil has supplanted the United Kingdom as the world’s sixth largest economy, according to The Centre for Economics and Business Research (CEBR).And from the BBC:
CEBR chief executive Douglas McWilliams spoke to BBC about the rise of Brazil and decline of Britain as part of a larger and ongoing trend.
"I think it's part of the big economic change, where not only are we seeing a shift from the west to the east, but we're also seeing that countries that produce vital commodities -- food and energy and things like that - are doing very well and they're gradually climbing up the economic league table," he said....MORE
....And it said European countries would drop down the table, with Germany falling from fourth in 2011 to seventh in 2020, the UK from seventh to eighth, and France from fifth to ninth.
CEBR World Economic League Table
Rank 2011 2020 (forecast) 1