It is always great news that an emerging economy like Brazil overtakes a developed one (in this case, UK) in terms of GDP.

So who is next? According to the Financial Times, Russia and India are set to move up from 9th and 10th respectively, with Italy at 8th in their sights. The CEBR predicts that by 2020, the four Brics will be the 2nd (China), 4th (Russia), 5th (India) and 6th (Brazil) largest economies, with only the US (1st) and Japan (3rd) ahead.

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