Brazil has overtaken the UK as the world's sixth largest economy, an economic research group has said.
The Centre for Economics and Business Research (CEBR) said its latest World Economic League Table showed Asian countries moving up and European countries falling back.
The CEBR also predicted that the UK economy would overtake France by 2016.
It also said the eurozone economy would shrink 0.6% in 2012 "if the euro problem is solved", or 2% if it is not.
Value is the only commonality in an increasingly complex, challenging and interdependent world.