UK relegated to seventh place in world league of leading economies in 2011, according to team of economistsPhillip InmanThe Guardian, Monday 26 December 2011Article historyBrazil's economy is now bigger than the UK's, say economists, booming on the back of exports to China. Photograph: Felipe Dana/APBrazil has overtaken the UK to become the world's sixth-largest economy, according to a team of economists. The banking crash of 2008 and the subsequent recession has relegated the UK to seventh place in 2011, behind South America's largest economy, which has boomed on the back of exports to China and the far east.Russia and India are expected to...