Global Economic Review: January 2011

Global Overview New Year brings cheer as global economic prospects improve Better than expected economic data from the developed world has helped lift the outlook for the global economy this year. While global growth was mostly driven by the large emerging economies last year, the developed economies are now expected to pull their weight, as consumer and business spending growth have stayed above expectations. Although bond yields have gained recently, reflecting the improved long term economic growth prospects, monetary policy remains highly accommodative across the developed economies. Surveys of manufacturing activity in the developed countries showed marked gains in December. Even labor market conditions are showing signs of improvement recently, though unemployment levels are expected to remain elevated this year as well. In Europe, concerns about the debt crisis have eased, as countries in the region have been assured financial support by the EU and the IMF to prevent credit defaults. Read more

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Global Players
	Ursula Burns, CEO & Chairwoman, Xerox Ursula Burns became the first black woman to head a Fortune 500 company, when she assumed the role of CEO for Xerox. She has spearheaded the turnaround of Xerox through cost efficient processes. Read more
Weekly Postcards
	Middle East Women investors control around 22% of the assets under management in the Middle East. And this is wealth that is expected to grow 8% through the years to 2014. Read more

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