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Britain loses spot as sixth-largest economy to Brazil
Britain has lost its spot as the world's sixth largest economy to Brazil, according the Centre for Economics and Business Research.
The resource-rich South American economy has surged on exports to China, unhampered by the 2008 financial crisis that has hit growth in the UK.
CEBR chief executive Douglas McWilliams said: "Brazil has beaten the European countries at soccer for a long time, but beating them at economics is a new phenomenon. Our world economic league table shows how the economic map is changing, with Asian countries and commodity-producing economies climbing up the league while we in Europe fall back."
However over the next 10 years, Britain is expected to fare better than France, which is currently the fifth-largest economy behind the US at number one, China, Japan and Germany.
The Good Life in Brazil Property Investment
On top of the world: Why Brazil is booming
By David Osborne
July 2010, The Independant
It is a 100th birthday party in a well-to-do postcode of Sao Paulo, where the house of our journalist host – he and another writer pal are actually each turning 50 – slips graciously down a slope to a terrace and the chatter is nearly all politics. Then the DJ cuts the music in the middle of a samba everyone knows. They reflexively fill in: "Ò coisinha tão bonitinha do papai" – "Oh daddy's beautiful little thing".
Not everything in Brazil is beautiful. Not the slums, or favelas, which ring cities like this one or Rio de Janeiro, or last Saturday's national glee when Argentina – neighbour and perennial rival – crashed out of the World Cup one day after the Brazilian squad's humiliating Dutch demise. ("Que desgraca!" squealed an old man when the stricken face of Diego Maradona filled the TVs in a bar on Sao Paulo's Teodoro Street.)
Top 10 Overseas Property Investments in 2010
According to the British Magazine Homes Overseas, the top 10 Overseas Property Investments 2010 look like that:
Property investors from around the world are flocking to Brazilian shores with a view to snapping up real estate, in anticipation of future capital growth.
20 Good reasons to buy property in Brazil
Whatever type of property you are looking for, there are many reasons why it makes sense to purchase your property in Brazil.
Here are the top 21: