Global Overview
Victoria Cromwell and Elnaz Rasoolzadeh
Freshfields Bruckhaus Deringer LLP
Alan W Kornberg
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Thursday, 02 December 2010
Economic predictions for 2011 appear to offer some hope for the strengthening of the global economy; however, there is no consensus on its future. As the benefit of economic stimulus measures wears off, growth is likely to be limited in 2011, especially for the developed world. Furthermore, despite the development of emerging market economics during recent years, concerns regarding currency appreciation and inflated asset prices have mounted. Additionally, regardless of fiscal and monetary policy stimuli, unemployment continues to be a cause for concern in the coming year, as does consumer confidence. These factors, considered together, have led many to predict a period of sustained volatility.
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