## Blanchard Sees Continued Two-Speed Recovery in 2011

_IMF Blog, December 30, 2010_

## Source details

**Canonical URL:** [Blanchard Sees Continued Two-Speed Recovery in 2011](https://www.imf.org/en/blogs/articles/2010/12/30/blanchard-sees-continued-two-speed-recovery-in-2011)

## Other formats

- [Markdown version](/en/blogs/articles/2010/12/30/blanchard-sees-continued-two-speed-recovery-in-2011/index.md)
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## Bibliographic details
- Authors: Olivier Blanchard
- Published: December 30, 2010

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### 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.*

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## References

- [Olivier Blanchard](http://blogs.imf.org/bloggers/olivier-blanchard/)
- [IMF Survey](http://www.imf.org/external/pubs/ft/survey/so/home.aspx)
- [here](http://www.imf.org/external/pubs/ft/survey/so/2010/NEW123010A.htm)

_Source: https://www.imf.org/en/blogs/articles/2010/12/30/blanchard-sees-continued-two-speed-recovery-in-2011_