RIO DE JANEIRO, BRAZIL - Brazil is expected to drop from 12th position in the list of the world's largest economies in 2021. Latin America's largest economy and the No. 2 economy in all of the Americas is a giant with more than 210 million people but has struggled for several years.
A survey by the risk rating agency Austin Rating, based on new projections from the International Monetary Fund (IMF) for the global economy, shows that the country will be overtaken by Australia and will end next year as the 13th largest economic power in the world.
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