UK economy 'slips behind Brazil'

AOL Money Staff
Christ the Redeemer statue
Christ the Redeemer statue

The UK is thought to have slipped behind Brazil in the world pecking order after official figures showed the emerging market's economy grew 2.7% last year.


Brazil's total output in 2011, at an average exchange rate and at current market prices, was worth 2.469 trillion US dollars (£1.56 trillion), compared with Britain's total output of 2.42 trillion US dollars (£1.53 trillion), think-tank Cebr said.