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2011 - Year of the Two-Speed Global Economic Recovery


  • Octavian-Liviu Olaru
  • Livia–Irina Olaru

    () ("Dimitrie Cantemir" Christian University)


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.

Suggested Citation

  • Octavian-Liviu Olaru & Livia–Irina Olaru, 2011. "2011 - Year of the Two-Speed Global Economic Recovery," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(1-2), pages 8-12, March-Jun.
  • Handle: RePEc:khe:journl:v:3:y:2011:i:1:2:p:8-12

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    More about this item


    Economic growth; international trade; rebalancing; recovery;

    JEL classification:

    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration


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