Reuniting Europe

Brazil has passed the UK as the world’s sixth largest economy, according to a new study published by the Centre for economics and Business Research (CEBR). The same paper predicts that by 2020, the Germany, Britain and France would retrocede to rank 7, 8 and 9, from the current positions 4, 7 and 5. France, which holds presidential elections in April-May, appears as the fastest declining large European nation. And according to the same study, the fastest growing world economies are Russia and India.

According to the Center for Economics and Business Research, the world’s 10 largest economies are:
1. US
2. China
3. Japan
5. France
6. Brazil
7. UK
8. Italy
9. Russia
10. India
And according to the same source, the the world’s 10 largest economies in 2020 will be:
1. US
2. China
3. Japan
4. Russia (+5)
5. India (+5)
6. Brazil
7. Germany (-3)
8. UK (-1)
9. France (-4)
10. Italy (-2)
2020 is by the way the year chosen by Barroso for his “Europe 2020” initiative. It would be interesting to conduct a survey how many of his collaborators believe in this project. But we can make an educated guess.

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