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Monday, December 26, 2011

Brazil overtakes UK as sixth-largest economy.

Uploaded by AlJazeeraEnglish on 26 Dec 2011 - Brazil has overtaken the UK as the world's sixth largest economy, according to a London-based research centre. The shift is part of a larger trend in which emerging economies are out doing some European countries. The south American country was still considered something of an economic underachiever a decade ago, but as its economy grew steadily in the past eight years, things started to change. Government's anti-poverty measures further helped in lifting more than 40 million people into a new middle class.