MercoPress, en Español

Montevideo, March 25th 2023 - 05:40 UTC

 

 

The magic of currencies: UK overtakes Brazil as the world’s sixth largest economy

Wednesday, December 26th 2012 - 06:43 UTC
Full article 23 comments

Despite recession and the poor performance Britain has clawed back the ground it lost to Brazil in the rankings of the world's richest economies - but it is not expected to hold on to the spot for long. Read full article

Comments

Disclaimer & comment rules
  • emerald

    What a perfect time !

    UK is compared with Brasil/Argentina
    not with France/Germany/Japan....

    Dec 26th, 2012 - 10:36 am - Link - Report abuse 0
  • Frank

    @1 I don't think I saw any mention of argentina ( always with the small 'a' as in 'arsehole') in that article.

    Dec 26th, 2012 - 11:15 am - Link - Report abuse 0
  • Anglotino

    I didn't see any comparison with Argentina. Which is hardly surprisingly as they're in totally different leagues.

    Mind you I did see France, Germany and Japan mentioned in the article.... but no Argentina.

    Why do people make stuff up?

    Dec 26th, 2012 - 11:24 am - Link - Report abuse 0
  • jkw

    This is a vital and healthy sign for UK and SA......US, please take note. What should be a natural and beneficial partner, SA, is fast forging an economic relationship with the UK (yes, Bunky, that's what healthy competition of equals entails) a not unsophisticated nation of traders which has long ago among its grownups (Yes, #2 Frank, snidery and fact-hooliganism are recognized for what they are) has been working around the IMF and WorldBank and global exploiters and forging socially responsible and mature “private” ties (the Australia mining model in Chile) with SA governments

    Dec 26th, 2012 - 12:34 pm - Link - Report abuse 0
  • ChrisR

    @1 Emerald

    You claim to be in your 20's and a female.

    Why is it that you cannot read the article correctly? There is no mention of Argentina, why would there be given the dire situation they are in through the antics of TMBOA.

    And what a foolish comment you made regarding France, Germany and Japan.

    Perhaps you are unused to disseminating financial date accurately and without bias. Many Argentines have a similar problem: it must be the waste of time in school discussing the mythical Malvinas instead of getting in touch with reality.

    Dec 26th, 2012 - 12:51 pm - Link - Report abuse 0
  • andy65

    Technically Argentina are now outside the G20 they lie in 26th place which is good news we won't be seeing the botox queen showing up at any G20 meetings

    Dec 26th, 2012 - 01:50 pm - Link - Report abuse 0
  • Conqueror

    I seem to recall that there were innumerable commenters crowing loudly when Brazil's economy managed to creep past that of the UK. Why aren't they here now to applaud how the UK has clawed its position back? Brazil has experienced a growth in its economy. Britain hasn't. In fact, it's experienced a double dip recession. And yet, once again, Britain shows that it can be a winner! Let's look at some comparisons. Brazil has 3 times the population of the UK. Brazil has nearly 4 times the area. But the UK has more than 3 times the GDP. Just how good can we get?

    Dec 26th, 2012 - 03:18 pm - Link - Report abuse 0
  • slattzzz

    Rg's whinging twats where is pro arg and the dickhead who lives in Canada probably enjoying Christmas making happy and drinking heavily with their ill gotten gains whilst their country goes down the tubes arseholes

    Dec 26th, 2012 - 03:35 pm - Link - Report abuse 0
  • Condorito

    Conk
    A minor correction: Brazil has 35 times the area of the UK.

    Dec 26th, 2012 - 08:46 pm - Link - Report abuse 0
  • Zethee

    “Brazil has 3 times the population of the UK. Brazil has nearly 4 times the area. But the UK has more than 3 times the GDP. ”

    We don't have three times the GDP of Brazil. At first i thought you meant Argentina....But we they have a smaller population than ours.

    Not sure who you meant there.

    Dec 26th, 2012 - 10:21 pm - Link - Report abuse 0
  • Anglotino

    I think he meant to put per capita.

    GDP per capita (nominal):
    UK: $38,500
    Brazil: $12,500

    GDP per capita (PPP)
    UK: $35,500
    Brazil: $11,500

    Pretty much 3x. Per capita is a much better comparison.

    Dec 27th, 2012 - 02:59 am - Link - Report abuse 0
  • emerald

    *2*...*3*

    I don't compare UK/Argentina ..“ briton” compares.

    *5*

    I have looked around 20/female, but haven't find yet !

    *11*

    per capita highest countries Luxembourg...BAE...
    are they powerful countries in the world arena ? ...NO !

    Dec 27th, 2012 - 06:26 pm - Link - Report abuse 0
  • ChrisR

    12 emerald

    BAE is NOT a country, it is a very large COMPANY, and yes, it is powerful.

    I have NO idea what you mean by this:
    “I have looked around 20/female, but haven't find yet !”

    Dec 27th, 2012 - 10:11 pm - Link - Report abuse 0
  • emerald

    sorry !
    i meant UAE (united arab emirates )not BAE.

    Dec 28th, 2012 - 10:13 am - Link - Report abuse 0
  • Malvinero1

    uk is an inflated,artificial economy.hardly makes any thing interesting for the world.For now the oil export and financial services,is the main brit economy. Oil is running out,and the financial services are in bad shape.....Brazil,has a much more solid ground.Argentina has a much more solid ground...uk is FINISHED,that is the reality.You can not live with derivatives and hedge funds speculation.....

    http://www.youtube.com/watch?v=XbLfje8_jgI

    http://www.youtube.com/watch?v=XbLfje8_jgI

    Dec 28th, 2012 - 12:42 pm - Link - Report abuse 0
  • ChrisR

    15 Malvinero1

    Yes, yes etc. You are always right!

    Now go away and play with the rest of the children and leave us grown-ups alone. Good boy.

    Dec 28th, 2012 - 01:37 pm - Link - Report abuse 0
  • Musky

    @15 Mal
    Britain exports aircraft, military, medical, technology, music, films, medicine, chemicals, education, satellites, whisky, food, tv content, software. And you export ....... some wine.

    Dec 28th, 2012 - 02:08 pm - Link - Report abuse 0
  • Pete Bog

    @15
    I guess you don't find jet engines very interesting then?

    You will find a lot of aircraft and ships worldwide using our Rolls Royce engines.

    Dec 31st, 2012 - 01:10 am - Link - Report abuse 0
  • British_Kirchnerist

    “Magic” indeed, as in a conjurers trick. Its been a year of growth for Brazil and double dip (and likely triple dip!) recession thanks to Cameron's austerity for the UK, so this “overtaking” makes no sense in the real economy

    Dec 31st, 2012 - 01:08 pm - Link - Report abuse 0
  • LEPRecon

    @19 - BK

    We can all be thankful that you are not Chancellor. You can't spend your way out of debt, if we did our economy would be in the same state as Argentina's is, with high inflation, increasing unemployment etc.

    Austerity isn't nice, but it's necessary. That's what happens when a socialist government spends all the country's money on 'initiatives', and creating a welfare culture; then borrows money and spends that on the same 'non-profit' stuff, then borrows EVEN more money and does the same.

    The last government behaved irresponisbly (surprise, surprise - Labour have never done that before - oh wait they did in the 1970's), with no thought on how to solve the problem.

    The cuts we are facing now are a direct RESULT of irresponible SOCIALISM!

    I truly hope that Labour never get in again, because all they do is feck up the economy.

    The fact that we have overtaken Brazil is good news, and shows that despite the recession that our economy and currency is stable enough to weather the storm.

    Perhaps instead of bitching about the austerity you could try getting off your backside and getting a job and PUT back into society instead of always standing there with your hand held out for money you didn't earn, and in my opinion don't deserve.

    Jan 02nd, 2013 - 12:29 pm - Link - Report abuse 0
  • ChrisR

    20 LEPRecon

    Blind_Scottie_Kirchnerist may be much older than you imagine.

    He appears to have been involved with the old commie labour party, the one that fucked the shipyards up in Glasgow.

    If I am correct he is at least 70 Y/O which probably explains his delusions of socialism and his sexual deviancy with TMBOA.

    Jan 02nd, 2013 - 03:25 pm - Link - Report abuse 0
  • LEPRecon

    @21 ChrisR

    You maybe right, but I'll bet he's never done a hard day's work in his life.

    If he was a member of the commie Labour party, then he's probably a traitor too. If I'm not mistaken, many of the Unions were accepting money from the USSR to undermine the UK economy, by constantly striking, and forcing industry to close.

    Thank God for Maggie, breaking the Unions strangle hold when she did.

    Don't get me wrong, I'm all for Unions protecting the rights of workers, but many of the Unions in the 1970's tried to dictate how the country was run, without running for Parliament and gaining the consent of the people. This was completely outside of the remit of the Union, and was, as I said earlier, funded by an enemy of the UK. A bunch of traitors, the lot of them.

    Jan 03rd, 2013 - 02:02 pm - Link - Report abuse 0
  • ChrisR

    22 LEPRecon

    Totally agree with everything you have posted.

    Jan 03rd, 2013 - 04:50 pm - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!