Zhu Min, advisor to the IMF, called the current economic environment the "three-speed" recovery at the Davos World Economic Forum. The three speeds are 6 percent for the emerging markets, 3 percent for the US and 2 percent for the EU. Many economists differ on the specifics of the so called three speeds, but no one has really offered an alternative to what may be seen in 2011.
Three speeds also applies to inflation with emerging markets seeing high price increases similar to their growth rates, the G3 still concerned about flat prices because of continued output gaps, and the G7 of the remaining developed world looking at prices in around their long-term targets or slightly higher.
Three speeds and no gear shifter available.
Three speeds also applies to inflation with emerging markets seeing high price increases similar to their growth rates, the G3 still concerned about flat prices because of continued output gaps, and the G7 of the remaining developed world looking at prices in around their long-term targets or slightly higher.
Three speeds and no gear shifter available.
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