Morgan Stanley identified four economic issues for 2011
- solid but moderate global growth The economic growth in developed countries (developed markets - DM) support, while structural problems, the brakes on growth. DM, which are located in the beginning of the economic cycle, have other problems as emerging countries (emerging markets - EM), which are located in the middle of the business cycle - a dynamic that it is observed.
- Global compensation and inflation
The continuous compensation (ie, shift of growth) increased from EM to DM, the global growth outlook. However, the inflation risk is rising in EM, reinforced by the improved growth in DM, which makes the economy and monetary policy.
- State debt crisis 2.0
The state debt crisis has worsened, but is threatening the European policy less system. The key is credible restructuring plans and support mechanisms to prevent the spread.
- politicization of economic Discussion
The policy affects the decisions concerning the debt risk. Tensions concerning exchange rates and international trade should be increased. The risk of policy failure is increased by the increased political interference.
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