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IPFS News Link • Economy - Economics USA

The World Is Poorer Still


'Two-speed' global recovery likely to continue in 2011: IMF ... International Monetary Fund has said that the world economy is likely to see a "two-speed" recovery in 2011 with emerging markets witnessing stronger growth than advanced economies. Some emerging nations like India and China, however, are also facing the challenges of huge capital inflows and overheating. The global economy, which grew nearly five per cent this year, is being driven by good expansion in emerging countries while many advanced nations continue to grapple with sluggish economic activities... IMF chief economist Olivier Blanchard stressed that countries should focus on re-balancing activities, including structural measures and exchange rate adjustments. "Without this economic re-balancing, there will be no healthy recovery," he said." – UK Telegraph

Dominant Social Theme: 2011 will be a good year.

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