By Roubini
1. Global growth in 2011 looks marginally weaker than 2010, but the recovery continues and chances of a double dip in 2011 have significantly decreased.
2. The global economy emerged from the most severe recession and financial crisis of the post-war period but not without additional fiscal and monetary stimulus; plans to manage monetary exit strategies and fiscal sustainability remain uncertain at best.
3. Growth in the emerging world will cool from the above-potential rates of 2010. A large part of the advanced world continues to struggle with balance-sheet repair and debt crises.
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