Sunday, January 13, 2013

Premature Virtues

“Patriotic Brazilians look away now: Brazil is no longer the world’s sixth-biggest economy.
According to recent forecasts from the IMF and the Centre for Economics and Business Research (CEBR), the UK regained its place as the world’s sixth-biggest economy last year, shunting Brazil back down to seventh place. 


When Brazil’s GDP first dwarfed the UK’s in 2011, it was a cause for much celebration in the Latin American country. Government officials and Brazilophiles have cited the fact ever since as proof both of the country’s virtues and of a monumental shift in the global power balance.” 
Source: FT

1 comment:

Anonymous said...

i wish everyone could take turns being the best. <3

Post a Comment