Five Steps Forward in 2011
The worst of the economic worst ended for most of the world in 2010, but downside risks in the advanced countries continue to threaten global recovery. A return to stable, inclusive growth is needed to bolster support for economic openness, but achieving this requires meeting five key goals.
https://prosyn.org/0XipfQ0
MILAN – The worst of the financial/economic crisis seems to be over. Asset markets performed reasonably well in 2010. Growth in the United States and parts of Europe returned. Private-sector deleveraging continued, but was counter-balanced by rising public-sector deficits and debt. And emerging-market growth returned to pre-crisis levels and appears to be sustainable, helped by unorthodox policies designed to “sterilize” massive capital inflows.