So, there is enormous instability in the global economy with a shift of winners and losers.
Sentiment: NEGATIVE
As discomfiting as it is to both market optimists and policy activists, a certain amount of instability is inherent to the economy.
The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.
If we have major geographic areas within our continent that have a tremendous lack of economic opportunity, we found that that is going to produce instability _ economic, political and social.
The long-standing wisdom that everyone wins in a single world market has been undermined. Global trade, capital flows, and immigration are declining.
The global realignment is accelerating the migration of growth and wealth dynamics from the industrial world to the larger emerging economies.
That level of trade deficit throttles real growth in our country and continues the unfortunate path of selling out America. We are not winning the global trade war, we are losing it badly.
The world economy today is recovering slowly, and there are still some destabilising factors and uncertainties. The underlying impact of the international financial crisis is far from over.
Instead of saying that globalization is a fact, that it's inevitable, we've also got to demonstrate that while the growing interdependence of the world economy is indeed a fact, it's not uncontrollable.
While the wider global environment is worrying, we are seeing some positive results in our economic affairs.
The global economy is in pretty good shape.