Brazil overtakes UK as sixth biggest economy as Britain falls behind a South American nation for the first time

Britain has been deposed by Brazil as the sixth largest economy in the world, latest figures show.
In a dramatic illustration of changing global economic fortunes, the UK has fallen behind a South American nation for the first time.
The figures, from the Centre for Economic and Business Research’s annual world economic league table, show Britain is now the seventh richest country in the world.
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