Brazil to become world’s sixth largest economy
The West’s gone down, but LatAm keeps rising.
By the end of the year, Brazil will have the world's sixth largest economy.
With a GDP of $2.44 trillion, it will outrank the United Kingdom for the first time, according to a report was published by Folha de Sao Paulo based on data from the IMF, Economist Intelligence Unit and Business Monitor International.
Brazil could overtake all European economies, including Germany's, by 2020, said the report.
“The fact that the Brazilian economy is overtaking that of the developed countries reflects the effects of the access of large segments of the poor population into the middle class and the consumer market”, said Robert Wood, a U.S. analyst, according to MercoPress.
The story you just read is available for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
Make a gift today, and you’ll get us one step closer to our goal of raising $25,000 by June 14. We need your help now more than ever!