The statue of Christ the Redeemer, Brazil
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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.

Paulo Cabral reports.

  • 06 Mar 2012