Davos Annual Meeting 2011 - What Is the New Economic Reality?
www.weforum.org 26.01.11
The "new normal" for the global economy looks bleak, according to panellists in a debate hosted by Time magazine, including Nouriel Roubini, Professor of Economics at New York University; Sir Martin Sorrell, Chairman of WPP; and Min Zhu, Special Adviser to the International Monetary Fund. The panel predicted that growth in most advanced economies will remain below trend with outright contraction in parts, prospects hindered by lack of international cooperation on key issues and an inability of the US to tackle its budget deficit -- the "real gorilla in the room".
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