Brazil to Surpass U.K. in 2011 to Be No. 6 Economy
But then the global economic slowdown took a huge toll on the U.K.'s economy and its GDP fell 20% between 2007 and 2010, while Brazil's GDP soared by 52% during that period.
Now the IMF is forecasting that Brazil's economy will surpass the size of the U.K. economy this year for the first time ever, and will overtake the U.K. to become the sixth largest economy in the world, behind the U.S., China, Japan, Germany and France. And based on IMF projections, Brazil will surpass France in 2015 to become the world's fifth largest economy.
Related: Here's a news report.