The U.K. loses its spot as sixth-largest economy to Brazil, says the Center for Economics and...

|By:, SA News Editor

The U.K. loses its spot as sixth-largest economy to Brazil, says the Center for Economics and Business Research, as the resource-rich South American economy has surged on exports to China. The latest CEBR forecasts revise global growth down to +2.5% in 2012, though the figure could fall to +1.1% should "one or more countries” leave the euro.