Deloitte Research’s second-quarter 2011 Global Economic Outlook examines the changes rippling through the global landscape
New York, 26 April 2011— Recent world events have prompted a renewed focus on rising energy costs and higher food prices. The repercussions will likely shift the global economic landscape in the near term. In the second-quarter issue of the Global Economic Outlook, Deloitte member firm economists examine the effects of these events and offer their insights on global food inflation and soaring energy costs. The report also sheds light on the rise of income inequality across the world.
“Since our last quarterly outlook, the world has been awash with unexpected events,” says Ira Kalish, Director of Global Economics, Deloitte Research, part of Deloitte Services LP in the United States. “In this case, political events in the Middle East and the ruinous earthquake and tsunami in Japan have cast a shadow over the global economy. In this issue we examine the continuing evolution of the global recovery, including challenges to growth in the affluent markets and the fight against overheating in the emerging world.”
At the heart of the report is the global economic impact of the current political unrest in the Middle East and the outlook for growth in a world of volatile energy prices. The issue also examines topics such as soaring food prices, rising income inequality, and the global impact of the recent Tohoku earthquake in Japan.
Highlights of the report include:
For additional quotes and to read the full report, please visit www.deloitte.com/economicoutlook.
Deloitte Research is a part of Deloitte Services LP in the United States.
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