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Brazil, the seventh economy of the world and ready to overtake France and UK

Friday, March 4th 2011 - 01:52 UTC
Full article 14 comments

Brazil announced Thursday it has become the world’s seventh economy after having expanded 7.5% in 2010, the strongest in 24 years. Brazil’s GDP now stands at 2.1 trillion US dollars with a per capita income of 11.185 USD. Read full article

Comments

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  • Martin_Fierro

    I'm surprised this didn't happen 100 years ago.

    Mar 04th, 2011 - 07:56 am - Link - Report abuse 0
  • zethe

    Things are very much looking up in brazil.

    Brazil, China and india look to become the leaders in the future.

    Mar 04th, 2011 - 12:31 pm - Link - Report abuse 0
  • briton

    Well on a lighter note, perhaps these ever growing countries could take up britains overs seas aid bill, we need a rest.

    Mar 04th, 2011 - 01:57 pm - Link - Report abuse 0
  • Fido Dido

    Not going to happen Briton, those are nations that like to recieve, not give. I read that they do give aid to other poor nations, but in a form of a loan (with lower interest rates compare to the IMF and World Bank).

    Mar 04th, 2011 - 05:25 pm - Link - Report abuse 0
  • briton

    mmmm you may well be right,
    its a shame we have a government that has a different agenda to the rest of the country.

    Mar 04th, 2011 - 07:03 pm - Link - Report abuse 0
  • jakesnake

    Yeah, that's just what we want, China as a world leader. i find it astonishing that countries with more than a billion people don't have the largest economies in the world. How can that be possible?

    Mar 04th, 2011 - 08:28 pm - Link - Report abuse 0
  • zethe

    Why would they want to pick up our aid bill?

    We still give aid money to China, you know... The second largest economy in the world.

    Mar 04th, 2011 - 09:13 pm - Link - Report abuse 0
  • Y Draig Goch

    We WERE giving china aid money, it was cut in the recent overseas aid review....i reckon it was to keep the Chinese sweet than to go on aid !

    Mar 04th, 2011 - 10:27 pm - Link - Report abuse 0
  • GeoffWard

    Because of the UK huge gap between the 'haves' and the 'have nots' there is definitely scope for world's bigger economies such as India, China, Brasil and the USA to develop aid programmes to help the UK 'have nots'.

    Mar 04th, 2011 - 11:00 pm - Link - Report abuse 0
  • aedi

    Do all these people, actually BELIEVE that foreign aid is directed to countries like Russia amongst others in order tho HELP their governments? Wake up people, this so called foreign aid, is mainly used to help certain NGOs in those countries, that work with that money for the interests of the donor countries. An example here: Australia gives some money to Indonesia, to help certain Muslim schools in such way that no extremists are created, so to lessen the possibility of terror attacks against Australia. Foreign aid, is used by the donor countries
    for their OWN interests. FULL STOP

    Mar 05th, 2011 - 01:17 am - Link - Report abuse 0
  • Forgetit87

    Aid to middle-income countries or large developing ones like those of the BRIC bloc makes no real impact to the overall national welfare. They can be safely withdrawn without worsening life standards in the 'benefited' nation to any significant degree. In fact, even in small countries the effects of foreign aid is often unnoticeable. An example: in 2006 the US canceled aid to Paraguay due to refusal by the Paraguayan government to extend immunity from prosecution to US military officers in the country. But nothing changed in Paraguay after that. Economic growth and unemployment levels have remained the same after US aid dried out.

    Btw, there are some funny inconsistencies in aid policies. For example, aid to China. USAID spends some millions of dollars per year in aid programs to the Chinese poor. But China owns over one trillion dollars in US Treasury bonds. So it's clear that it isn't China whose welfare depends on US aid.

    @jakesnake Late industrialization, I guess?

    Mar 05th, 2011 - 02:46 am - Link - Report abuse 0
  • Fido Dido

    aedi is correct. That whole foreign aid is a scheme.

    Mar 05th, 2011 - 07:29 pm - Link - Report abuse 0
  • GeoffWard

    For some unknown reason the UK is cutting many aid programmes and focussing its main aid programme on Pakistan - the haven of worldwide Muslim terrorism and massive illegal & legal immigration to the UK.

    Inexplicable, except perhaps someone might think that aid will stop terrorism and immigration - some hope!

    Mar 05th, 2011 - 10:19 pm - Link - Report abuse 0
  • Bubba

    Mantega also outlined that last year Brazil had the world’s fifth strongest growth among the G-20, behind China, India, Argentina and Turkey. “Since Brazil expanded above average we imported much more and thus helped other countries out of the crisis”.

    Argentina???

    Mar 07th, 2011 - 02:22 am - Link - Report abuse 0

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