Brazil econonmy loses ground again

Ruth Costas – BBC Brasil, 12/25/2012

A year ago, Brazil´s overtaking of the UK to become the world’s sixth largest economy was celebrated with enthusiasm by the Brazilian authorities.

At the time, in a boisterous mood, the Brazilian economy minister, Guido Mantega, predicted that France and even Germany could be soon left behind by Brazil’s “large steps”.

Today, however, forecasts suggest that the partying may have been premature. Or, at least, that the battle for this sixth place will be much harder than Brazilians expected.

Read more…

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