Blanchard Sees Continued Two-Speed Recovery in 2011
IMF Blog, December 30, 2010
Source details
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- Blanchard Sees Continued Two-Speed Recovery in 2011
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Bibliographic details
- Authors: Olivier Blanchard
- Published: December 30, 2010
Overview
- Publication title: Blanchard Sees Continued Two-Speed Recovery in 2011
- Author: Olivier Blanchard
- Date: December 30, 2010
- Format: Interview in the Fund's IMF Survey magazine summarized on the IMF blog landing page.
Global outlook and main findings
- The two-speed global economic recovery is likely to dominate 2011.
- Advanced economies: weak growth barely enough to bring down unemployment.
- Emerging markets: facing the challenges of success, including how to avoid overheating and handle strong capital inflows.
- Assessment timeframe: end of 2010 and prospects for 2011.
Policy recommendations and priorities
- Countries should continue to focus on rebalancing their economies in the coming year.
- Rebalancing measures highlighted include:
- structural measures
- exchange rate adjustments
- Blanchard’s judgment: “Without this economic rebalancing, there will be no healthy recovery.”
Key statements (exact wording preserved)
- “Without this economic rebalancing, there will be no healthy recovery.”
Source: Blanchard Sees Continued Two-Speed Recovery in 2011 (IMF blog landing page), December 30, 2010.