Table of Contents

Slide 3 Global Economic Outlook at a Glance
Slide 4 2011 Outlook: Rebalancing, Reflation and Reconciliation
Slide 6 Key Quarterly Forecast Profiles: GDP, CPI and Policy Rates
Slide 7 Global Risk Watch
Slide 8 Baseline GDP Forecasts and Bull-Bear Scenarios
Slide 9 Baseline CPI Forecasts and Bull-Bear Scenarios
Slide 10 Monetary Policy Rate Forecasts
Slide 11 Mounting Public Sector Debt (% of GDP)
Slide 12 General Government Budget Balance
Slide 13 General Government Debt
Slide 14 US
Slide 12 Canada
Slide 13 Japan
Slide 14 Australia
Slide 15 Euro Area (Germany, France, Italy, Spain, Netherlands, Austria, Belgium, Portugal, Greece, Finland, Denmark, Ireland)
Slide 28 UK
Slide 29 Sweden
Slide 30 CEEMEA (Russia, Ukraine, Poland, Hungary, Czech Republic, Romania, Turkey, Israel, UAE, Saudi Arabia, South Africa)
Slide 40 Asia ex-Japan (China, Hong Kong, Singapore, Taiwan, South Korea, India, Indonesia, Thailand, Malaysia)
Slide 47 Latam (Brazil, Mexico, Chile, Argentina, Peru, Colombia, Venezuela)
Slide 53 Commodity Forecasts
Slide 55 Global Economics Team
Slide 56 Additional Resources