In 2011 Brazil's economy faired higher than the UK, and ranked 6th largest in the world, according to the National Institute of Economic and Social Research and the Centre for Economics and Business Research. This news announced by the Brazil Finance Minister despite forecasts and a decrease in economic growth. Brazil joins United States, China, Japan, Germany and France as the world's biggest economies according to the UK's online source The Guardian. Brazil's President, Dilma Rousseff and her staff have implemented lower taxes and raised the minimum wage, in an effort to boost economic growth. But with a 4.6 decrease in the economy's growth from 2010 to 2011, the country is optimistic as it plays host to the 2014 World Cup as well as the 2016 Summer Olympic Games.
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