Council of Councils
Think Global Health
Online Store
Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
An Upbeat Economic Outlook for 2012
January 6, 2012 12:11 pm (EST)
- Explainer Video
Byron Wien, Vice Chairman, Blackstone Advisory Partners, and Robert E. Rubin, CFR Co-Chairman and former U.S. Secretary of the Treasury, discuss the global economic outlook for 2012 in relation to Wien’s 27th annual "Ten Surprises" list of probable economic, financial market, and political events. Wien expresses optimism regarding the U.S. economy, unemployment, and oil prices, as well as growth prospects for Europe, emerging markets, and the Middle East, while acknowledging the need for astute crisis management among European and U.S. leaders. Rubin says we’re in the most uncertain and complex period in recent history with respect to the U.S. and global economies, calling it a "serious test for democracies around the world." The full report is called, "Ten Surprises for 2012."
Top Stories on CFR
The Myanmar army is experiencing a rapid rise in defections and military losses, posing questions about the continued viability of the junta’s grip on power.
The two-year-old war in Ukraine—which is far from deadlocked—could pivot dramatically in the coming months. U.S. decisions will play a decisive role.
International lenders have pumped tens of billions of dollars into Egypt’s faltering economy amid the war in the Gaza Strip, but experts say the country’s economic crisis is not yet resolved.