중남미

The global outlook worsened in the second quarter of 2011 as stimulus programs failed to achieve self-sustained growth in the developed world, leading to a downward revision of past economic data and future growth prospects. Output gaps that may be larger than previously thought plus the eventual risk of a disorderly default in Europe kept risks tilted downward. In China, growth is still about 9 percent, but inflation is inducing a monetary tightening that may hinder growth.