英文版，80页

Global Economic Outlook and Strategy
April 2011
• We remain optimistic on the global growth outlook, and continue to expect global
growth of 3½%-4% this year and in 2012 (4%-4½% using PPP exchange weights),
well above the longrun average of just below 3% YoY. We expect a continued
widespread trend to tightening across emerging markets, while the gradual
normalization of monetary policy is underway