Brazil snatches Britains wig - now 6th biggest economy in the world - TennisForum.com
Reply
 
LinkBack Thread Tools
post #1 of 152 (permalink) Old Mar 6th, 2012, 05:54 PM Thread Starter
Senior Member
 
Patoranking's Avatar
 
Join Date: Jan 2009
Location: Nairobi
Posts: 13,460
                     
Brazil snatches Britains wig - now 6th biggest economy in the world

http://www.guardian.co.uk/business/2...kes-uk-economy

Brazil has overtaken the UK to become the world's sixth-largest economy, according to a team of economists. The banking crash of 2008 and the subsequent recession has relegated the UK to seventh place in 2011, behind South America's largest economy, which has boomed on the back of exports to China and the far east.

Russia and India are expected to benefit from a surge in growth over the next 10 years and push the UK into eighth place. Like most economies, India is struggling with high inflation and slowing growth, but its highly educated workforce and skills in growth areas from IT and services to engineering will push the economy into fifth place. After a decade of selling oil and gas to Europe and other parts of Asia, Russia will be at number four.

The only compensation for ministers concerned by Britain's relative fall is that France will fall at a faster pace. Nicolas Sarkozy can still boast that France is the fifth-largest economy behind the US at number one, China, Japan and Germany, but by 2020, the Centre for Economics and business Research (CEBR) forecasts it will fall past the UK into ninth spot. Germany will also slip to seventh place in 2020.

CEBR chief executive Douglas McWilliams said: "Brazil has beaten the European countries at soccer for a long time, but beating them at economics is a new phenomenon. Our world economic league table shows how the economic map is changing, with Asian countries and commodity-producing economies climbing up the league while we in Europe fall back."

Europe is expected to suffer a "lost decade" of low growth following a credit binge over the past 20 years. Paying back debts over a short timescale will restrict growth and prevent many countries, including the UK, from clawing back output lost in the banking crash for many years.

The European Union, recently described by one Chinese official as "a worn-out welfare society", will remain the world's largest collective trading bloc, though a recession next year is expected to hit global growth. The latest forecasts by the CEBR show world growth falling to 2.5% in 2012, a downward revision from the forecast made in September.

However, the CEBR warned a scenario involving "one or more countries leaving the euro, sovereign defaults and banks going bust and needing to be bailed out" would reduce global growth in 2012 to 1.1%. The European growth slowdown is forecast to be even more marked, with a fall in GDP by 0.6% and a possible fall of 2% if the euro currency club breaks up. The US forecast is better, with growth of 1.8%.Emerging economies, which have seen their stock markets dive in recent months as investors assess the fallout from the euro crisis, would regain their momentum, said the CEBR.

China is forecast to grow by 7.6% and India by 6%. But other recent star economies with closer links to the EU or commodity prices are likely to face an economic slowdown with Turkish growth slowing to 2.5% from 7.1% this year, Saudi Arabia at 4% after 6.1% this year, Russia 2.8% after 3.8% this year, and Brazil 2.5% after 2.8% this year.


Is there any creature on earth as unfortunate as an ugly woman?
Patoranking is offline  
Sponsored Links
Advertisement
 
post #2 of 152 (permalink) Old Mar 6th, 2012, 05:59 PM
Senior Member
 
Just Do It's Avatar
 
Join Date: Jun 2006
Posts: 47,251
                     
Re: Brazil snatches Britains wig - now 6th biggest economy in the world

Not surprised at all, good thing for Brazil but still, like half of the nation lives in poverty. Brazil, Russia, China, India, Turkey ... all progressing but it's just a matter of time when will they fall into recession.
That GIF killed me.
Just Do It is online now  
post #3 of 152 (permalink) Old Mar 6th, 2012, 06:01 PM
Senior Member
 
Sammo's Avatar
 
Join Date: Feb 2009
Location: Self-made gilded cage
Posts: 34,383
                     
Re: Brazil snatches Britains wig - now 6th biggest economy in the world

Great, I've never liked GB

The belief that man is an irresolute creature pulled this way and that by two forces of equal strength, alternately winning and losing the battle for his soul; the conviction that human life is nothing more than an uncertain struggle between heaven and hell; the faith in two opposed entities, Satan and Christ - all this was bound to engender those internal discords in which the mind, excited by the incessant fighting, stimulated as it were by the constant promises and threats, ends up by giving in and prostitutes itself to whichever of the two combatants has been more obstinate in its pursuit. Life isn't black and white, it's gold.
Sammo is online now  
post #4 of 152 (permalink) Old Mar 6th, 2012, 06:08 PM
Senior Member
 
Join Date: Sep 2001
Location: Philadelphia
Posts: 5,793
                     
Re: Brazil snatches Britains wig - now 6th biggest economy in the world

Brazil has nearly four times as many people so it's no surprise it eventually passed Great Britain. While improving, Brazil still has too many people living in poverty to be a complete economic success story.

Venus Williams-Ana Ivanovic-Serena Williams-Vika Azarenka-Caroline Wozniacki

McHale-Stephens-Watson-Robson-Townsend

Brodsky-Muhammad-Hampton-Keys-Crawford-Andrews-Hardebeck
ptkten is offline  
post #5 of 152 (permalink) Old Mar 6th, 2012, 06:15 PM
Senior Member
 
Annie.'s Avatar
 
Join Date: Jan 2011
Posts: 4,224
                     
Re: Brazil snatches Britains wig - now 6th biggest economy in the world

Quote:
behind the US at number one
Annie. is offline  
post #6 of 152 (permalink) Old Mar 6th, 2012, 06:39 PM
Senior Member
 
Milito22's Avatar
 
Join Date: May 2006
Posts: 8,712
                     
Re: Brazil snatches Britains wig - now 6th biggest economy in the world

vamos irmaos!
Milito22 is offline  
post #7 of 152 (permalink) Old Mar 6th, 2012, 07:18 PM
Senior Member
 
Sylvester's Avatar
 
Join Date: Mar 2006
Posts: 4,871
                     
Re: Brazil snatches Britains wig - now 6th biggest economy in the world

Vamos Brasil!
Sylvester is offline  
post #8 of 152 (permalink) Old Mar 6th, 2012, 07:20 PM
Senior Member
 
Join Date: Feb 2011
Posts: 4,222
                     
Re: Brazil snatches Britains wig - now 6th biggest economy in the world

Quote:
Originally Posted by Annie R U OK? View Post
And this.

The United States has almost triple the national GDP than that of second place China.
Step.
SwingVolley93 is offline  
post #9 of 152 (permalink) Old Mar 6th, 2012, 07:39 PM
Senior Member
 
Nicolás89's Avatar
 
Join Date: Jul 2006
Posts: 19,977
                     
Re: Brazil snatches Britains wig - now 6th biggest economy in the world

Quote:
Originally Posted by Annie R U OK? View Post
Please, the US is passed its peak, will never win a slam again and will have its wig snatched by Maoland in a few monthsyears more. Just wait.


LEGEND. Nicole. Caro. Aga. Sloane. Taylor.
Nicolás89 is offline  
post #10 of 152 (permalink) Old Mar 6th, 2012, 07:50 PM
Worshipping the bangs
 
miffedmax's Avatar
 
Join Date: Aug 2004
Location: Larsson's Player Forum
Posts: 55,251
                     
Re: Brazil snatches Britains wig - now 6th biggest economy in the world

As Jo-La knows, it's all about per capita anyway.

Max
Pass the duct tape and super glue. Lena's done broke my heart one last time.
Onward my LOB! Lena (ret.) Vika Vee TOB Caro Alexa Sabs Wicky Lesia Vania BMS Ekat Andi H. Jo-La Lena V KP2 Lil Bit Kiki Mini Mak Baby Veronika
V Squad, The LOB Elite: Vika, Venus and the Mad Viking of Norrland
Jo-La Duchess of Norrland and Bastad
Elena Viatcheslavovna Dementieva--Eternal Goddess of the Divine Bangs
miffedmax is offline  
post #11 of 152 (permalink) Old Mar 6th, 2012, 08:01 PM
Senior Member
 
Annie.'s Avatar
 
Join Date: Jan 2011
Posts: 4,224
                     
Re: Brazil snatches Britains wig - now 6th biggest economy in the world

Quote:
Originally Posted by Matías. View Post
Please, the US is passed its peak, will never win a slam again and will have its wig snatched by Maoland in a few monthsyears more. Just wait.

Many have tried, and all have failed. We remain unfazed.

Annie. is offline  
post #12 of 152 (permalink) Old Mar 6th, 2012, 08:05 PM
Look who's back!
 
Sean.'s Avatar
 
Join Date: Oct 2007
Posts: 32,452
                     
Re: Brazil snatches Britains wig - now 6th biggest economy in the world

Quote:
Originally Posted by Sammo View Post
Great, I've never liked GB
Feeling's mutual.



Vera Zvonareva * Ana Ivanović * Li Na * Laura Robson ......
Sean. is offline  
post #13 of 152 (permalink) Old Mar 6th, 2012, 08:12 PM
Hello, Again 〜昔からある場所〜
 
TIEFSEE's Avatar
 
Join Date: Mar 2007
Location: My Little Lover
Posts: 98,044
                     
Re: Brazil snatches Britains wig - now 6th biggest economy in the world

Quote:
Originally Posted by Sammo View Post
Great, I've never liked GB
gurl you are a mess

君が笑ってくれるなら僕は悪にでもなる

Tennis Tipping:
Singles (CHR#17) - Copenhagen 10 Beijing 11 Pattaya 12
Doubles (CHR#1) - Cincinnati 09 Hobart 16(w/Drake1980) ; Auckland Copenhagen 10 Palermo 11 Stuttgart Baku 12 Palermo 13 (w/Richie's) ; Monterrey 14 (w/Adrian.) USO 14 Moscow Hong Kong New Haven 15(w/Frederik) Prague Madrid Birmingham 16 (w/Buitenzorg)
TIEFSEE is offline  
post #14 of 152 (permalink) Old Mar 6th, 2012, 08:36 PM
Senior Member
 
Sammo's Avatar
 
Join Date: Feb 2009
Location: Self-made gilded cage
Posts: 34,383
                     
Re: Brazil snatches Britains wig - now 6th biggest economy in the world

Quote:
Originally Posted by Sean. View Post
Feeling's mutual.
Actually the 4 British people I know in person like me

The belief that man is an irresolute creature pulled this way and that by two forces of equal strength, alternately winning and losing the battle for his soul; the conviction that human life is nothing more than an uncertain struggle between heaven and hell; the faith in two opposed entities, Satan and Christ - all this was bound to engender those internal discords in which the mind, excited by the incessant fighting, stimulated as it were by the constant promises and threats, ends up by giving in and prostitutes itself to whichever of the two combatants has been more obstinate in its pursuit. Life isn't black and white, it's gold.
Sammo is online now  
post #15 of 152 (permalink) Old Mar 6th, 2012, 08:45 PM
Senior Member
 
Join Date: Sep 2007
Posts: 4,556
                     
Re: Brazil snatches Britains wig - now 6th biggest economy in the world

What a way to deliver economy news and some of the posts
Lucemferre is offline  
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the TennisForum.com forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome