By Nick Fagge UPDATED: 20:01 EST, 25 December 2011 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. New money: The economy of Brazil. Latin America's largest country, has surged because of vast reserves of natural resources and a rapidly growing - and cash-rich - middle class
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Figures show a dramatic illustration of changing global fortunes
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China, Japan, Germany, France and the U.S. occupy the top five places
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Brazil fast-becoming one of the powerhouses of the global economy
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