An Upbeat Economic Outlook for 2012

January 6, 2012, 7:00 am (EST)

An Upbeat Economic Outlook for 2012
Explainer Video
from Video

More on:

United States

Economic Crises

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."

More on:

United States

Economic Crises

Close

Top Stories on CFR

Iran Nuclear Agreement

The fate of the arms control agreement is in serious doubt following the United States’ withdrawal and Iran’s noncompliance, but some see an opening for renewed diplomacy in 2021.

Japan

Prime Minister Suga will keep working to upgrade Japan’s military amid increasing pressures from China, North Korea, and Russia.

Southeast Asia