The world is set for a “three-speed” recovery this year, limited by energy and other resource constraints, economists agreed at the World Economic Forum in Davos on Wednesday, but arguments still raged on how best to foster prosperity.
After growth in 2010 was stronger than expected, business leaders and economists were more optimistic about the global economy than at any time since the pre-crisis Davos gathering in 2007.
Most believed a multi-speed recovery would persist and be sustainable for many years; even former predictors of doom such as Nouriel Roubini, of New York University, agreed the “glass was half full”.
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