The world economy will recover in 2011, with some areas growing faster than others. But there may be surprises too: Mexico, for example, could outperform Brazil if the U.S. rebound picks up speed, and Mexican factories significantly boost production to supply their U.S. consumers.
Those were among the varied predictions at WorldCity’s “2011 Global Economic Outlook,” a Global Connections event held Jan. 28 and attended by more than 100 people.
Business professor Jerry Haar, an associate dean at Florida International University, offered the overview. He said the recovery from global recession that gained pace in 2010 will continue in 2011 but proceed unevenly.
Asia will grow fastest, Europe slowly and Latin America in the middle. Within regions, growth also will vary by country, based partly on how well leaders steer politics and economics.
In Latin America, for instance, Haar said, winners will include pro-market democracies Brazil, Peru, Chile and Uruguay. Losers will be those countries led by statist presidents who have alienated private investors: Venezuela, Ecuador, Nicaragua and Bolivia.
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Read: “Global economic outlook from Kroll, Kraft Latin America and FIU,“ an article by WorldCity.