Global Economic Outlook
publised quarterly byDeloitte ResearcEditor-in-cie
Pralhad BurliAlexander BörschNeha JainSatish RaghavendranSiddharth RamalingamCarl SteidtmannIan Stewart
350 South Grand StreetLos Angeles, CA 90013Tel: +1 213 688 firstname.lastname@example.org situation. Siddharth concludes that an easing omonetary policy will likely be the eventual outcome.My outlook or Japan begins by discussing problemsrelated to Japan’s trade balance, scal policy, and currency.Given these issues, it would seem natural to expecteconomic weakness. Yet I conclude that things will likelyget better in 2012 or several reasons: a more aggressivemonetary policy, a weaker yen, higher infation, and moregovernment spending on reconstruction.In the outlook or Brazil, I note that although Brazilhas experienced a deceleration, growth is expected torebound later this year. A loosening o monetary policyand a boost to investment in inrastructure and energyshould help to oset the negative external headwinds. Ialso discuss Brazil’s complaints about the impact o U.S.and EU monetary policy on the Brazilian exchange rateas well as global concerns about Brazil’s protectionistpolicy initiatives.In my outlook on the Russian economy, I note that thereare several conficting actors infuencing growth in Russia,and that the economy in 2012 is likely to grow more slowlythan in 2011. I also discuss the uncertainty surroundingthe uture o Russian economic policy and how the choicesmade by policymakers will determine uture growth.Next, Pralhad Burli oers a view on the economy oIndonesia, the world’s ourth most populous nation andone that has lately attracted much attention or its stronggrowth and positive prospects. Pralhad discusses theresilience o this interesting economy and how, despite avariety o obstacles, it is likely to see strong growth in thecoming years.Finally, Neha Jain and Satish Raghavendran look at globaltrade patterns. They note how, with rising wages and arising currency in China, the world’s most populous nationmay no longer be the “world’s actory.” Rather, globaltrade patterns are changing in interesting ways. O mostinterest is the rising role o Arica and the Middle East inglobal trade.
Dr. Ira Kalish
Director o Global EconomicsDeloitte ResearchWe are conducting a survey is to determine the level o reader satisaction oDeloitte’s
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