Brazil has supplanted the UK as the world’s sixth largest economy, according to the London-based Centre for Economics and Business Research. Brazil’s economy grew 7.5% last year.

According to the report, Brazil’s economy has surged because of vast reserves of natural resources and a rapidly growing, cash-rich middle class.

The story is reported by the Financial Times, read more at:

http://blogs.ft.com/beyond-brics/2011/12/26/brazil-moves-up-a-place-in-gdp/#axzz1heq8aHzh