Tuesday 6 March 2012

TODAY BRAZIL, TOMORROW ??

Today's news carried an item reporting the fact that Brazil is expected to be confirmed as the 6th largest economy in the world, overtaking the UK.

Not many years ago, the UK was one of the top 2 or 3 in the list, and now we are 7th; as other developing countries grow, we will inevitably slip further down. Although we remain individually more wealthy than the Chinese and Brazilians, our overall economic importance is diminishing; individually, we will also gradually become poorer when compared with peoples in the developing nations.

How long will it be before we start to realise the truth of our situation ?

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