London: Brazil has overtaken Britain as the world’s sixth largest economy, a London-based research group said on Monday.

In its latest World Economic League Table, the Centre for Economics and Business Research (CEBR) said Asian countries were moving up while European countries were slipping down.

A view of workers at the ongoing construction in Sao Joao da Barra (Reuters)

Brazil’s population of about 200 million is more than three times that of Britain.

The Brazilian economy grew 7.5% in 2010, but the government has cut its growth projections to 3.5% for this year after the economy slowed in the third quarter.

The CEBR also predicted that the British economy would overtake France— ranked fifth this year—by 2016 and it said India, the world’s 10th biggest economy in 2011, would move up to fifth place by 2020.

It says the US economy is the biggest, followed by China, Japan and Germany.

Close