Drop In the Ranking of World Economies - Brazil

It has been reported that the Brazilian economy has been displaced into the World's biggest economy from place 12th to 13th.                                                              
 

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Despite the record of 4.6 percent GDP growth in the Brazilian economy and recovering from pandemic losses, Latin American country has been displaced behind Australia in 13th place.

Worldwide pandemic recovery has an average of 5.7 percent, leaving the Brazilian economy recovery weaker than that.

According to the report by the Austin Rating, last year, the Brazilian Real Lost was almost 7.3 percent compared with the U.S. dollar.

In the meantime, the Brazilian Real Lost has evidenced, so far in 2022 massives gains, reported as one of the World's best-performing currencies by February, even though the Austin Rating does not expect great strides this year.