2011 - Year of the Two-Speed Global Economic Recovery

Octavian-Liviu Olaru and Livia–Irina Olaru ()
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Livia–Irina Olaru: "Dimitrie Cantemir" Christian University

Knowledge Horizons - Economics, 2011, vol. 3, issue 1-2, 8-12

Abstract: In 2011, world economy growth is projected to reach a level of 4.4 per cent. The two-speed global economic recovery is likely to dominate 2011 and beyond.m The short- and medium-term prospects for FDI inflows have improved during the first half of 2010, in line with developed countries’ economic recovery – reflected in growing production and foreign trade. Rebalancing, internal and external, continues to be crucial. Without this economic rebalancing, there will be no healthy recovery. The argument is very simple: before the crisis, growth in many countries came from excessive domestic demand, be it consumption, or housing investment.

Keywords: Economic growth; international trade; rebalancing; recovery (search for similar items in EconPapers)
JEL-codes: M16 (search for similar items in EconPapers)
Date: 2011
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