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Brazil 'overtakes UK's economy'
6 March 2012 Last updated at 12:49 ET
Brazil 'overtakes UK's economy'
Brazil has become the sixth-biggest economy in the world, the country's finance minister has said.
The Latin American nation's economy grew 2.7% last year, official figures show, more than the UK's 0.8% growth.
The National Institute of Economic and Social Research (NIESR) and other economic forecasters also said that Brazil had now overtaken the UK.
The Brazilian economy is now worth $2.5tn (£1.6tn), according to Finance Minister Guido Mantega.
More:
http://www.bbc.co.uk/news/business-17272716