- November 24, 2020
- Posted by: Elvir Salcinovic
The Global Competitiveness Report 2010–2011 is being released at a time when the global economy continues to be characterized by significant uncertainty. Growth has resumed following important injections, in many countries, of government stimulus spending aimed at counterbalancing the worst global recession in decades.
Yet economies are advancing at different speeds and there is still the risk of a “double dip” in a number of
countries. While emerging economies have, for the most part, bounced back to healthy growth, advanced
economies face continuing difficulties such as persisting unemployment, weak demand, and spiraling debt, while still struggling with reforms in the financial and labor markets, among other challenges. The International Monetary Fund (IMF) predicts growth of 6.25 percent for emerging markets, compared with 2.25 percent for advanced economies in 2010.
In this context, policymakers are being confronted with difficult economic management challenges.
The World Economic Forum 2010-2011