Informe Económico Preliminar : 2011

Abstract

In 2011, the global economy faced a high level of uncertainty. On the one hand, industrialized countries, especially the Eurozone, continue to experience a complex economic and financial situation, the solution to which would require strategic political agreements among European leaders, which so far have not been achieved. The financial fragility of governments, the banking sector, and businesses persists and has even worsened in some countries. This is a sign that the causes and consequences of the 2008 and 2009 crisis have not disappeared. On the other hand, emerging countries have successfully weathered this Great Depression. However, they are currently navigating turbulent waters. These countries continue to grow at positive rates, their inflation levels are under control, and their financial systems are relatively robust.