Economic performance

Global economic recovery loses momentum

Despite the protracted debt crisis and the impact of the natural disaster in Japan, the global economy continued to perform robustly during the second quarter of 2011. Having said that, there was also evidence to suggest a slight loss in forward momentum.

The individual economic regions again produced divergent performances in the period under review. While the emerging Asian markets and Germany generated strong growth, there were no signs of an upturn for countries on the periphery of Europe. What is more, the United States had to contend with a somewhat stuttering economic recovery.

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