Global economic growth staged a clear-cut recovery in 2010. Last year’s estimated 5 per cent annual global growth was above the 3.6 per cent average rate of the previous decade—although the expansion remains uneven and incomplete. Rebalancing, internal and external, continues to be crucial....

The global economic recovery is advancing. However, the recovery remains uneven, with downside risks in advanced economies remaining elevated, while overheating risks are growing in emerging economies. Rebalancing, internal and external, continues to be crucial. Without this economic...