SAO PAULO: PricewaterhouseCoopers (PwC) predicts that over the next 14 years Brazil's economy will surpass the economies of France, the UK and Germany.
The projections, based on GDP on purchasing power parity terms, signal that Brazil, Latin America’s largest economy, will pass France’s this year, and united Kingdom in 2013.
Mexico’s economy is also predicted to pass that of Italy in 2019, France in 2028 and Germany in 2039.
PwC predicts that by 2050, Brazil will rank as the fourth-largest economy in the world, while Mexico will rank seventh.
Included in the same forecast is the prediction that China and India will become the largest economies in the world, followed by the United States.
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Source: Latin Business Chronicle
