Arab Today, arab today brazil growing with small middle class
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Arab Today, arab today
Arab Today, arab today

Brazil growing with small middle class

Arab Today, arab today

Arab Today, arab today Brazil growing with small middle class

Brasilia - UPI

Brazil may have passed Britain to claim the No. 6 spot in the world\'s largest economies, but incomes per capita still lag far behind, data shows. In Britain, the per capita income is about $34,600, while in Brazil it is about $10,100, Forbes magazine reported Friday. Although income per capita has jumped from 2006, when it was $5,793, the country is still many years away from developing a strong middle class, Forbes said. The image of the average Brazilian shopping in a modern mall and resting at home in front of a wide-screen TV is still generations away, the U.N. Conference on Trade & Development predicts. By 2050, Brazil is likely to break into the Top 5 by the size of its economy. But the per capita income in Brazil in 2050 will still be less than half that of the United States, UNCTAD said.

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