CESifo World Economic Survey May 2011

World Economic Climate: World Economic Climate improves - Economic Expectations: Economic expectations slightly downgraded, but still positive - Inflation: Inflation picks up - Currencies: Yen continues to be seen as overvalued - Interest Rates: Short- and long-term interest rates expected to rise - Special Topic: The G20’s role in reducing global economic imbalances, combating corruption and promoting economic growth worldwide