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2011 - Year of the Two-Speed Global Economic Recovery

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  • Octavian-Liviu Olaru
  • Livia–Irina Olaru

    ()
    ("Dimitrie Cantemir" Christian University)

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    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.

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    Bibliographic Info

    Article provided by Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest in its journal Knowledge Horizons - Economics.

    Volume (Year): 3 (2011)
    Issue (Month): 1-2 (March-June)
    Pages: 8-12

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    Handle: RePEc:khe:journl:v:3:y:2011:i:1:2:p:8-12

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    Related research

    Keywords: Economic growth; international trade; rebalancing; recovery;

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