- Uncertainties related to decision-making, public finances have exacerbated problems
- Likely global growth in late 2011 and early 2012 will be weaker than expected
- Substantial economic weakening in euro zone can not be ruled out
- Euro inflation rate seen over 2% for next few months, may decline after that
- Equally strong upside, downside risks to inflation outlook
- Uncertainty has also increased in emerging economies
Happy chappy isn’t he?
