World Economic Situation and Prospects: Mid-2011 update

The WESP mid-2011 update highlights that the recovery of the global economy remains intact but uneven, with strong output growth in developing countries and a weaker economic performance in developed countries. At the same time, new headwinds have emerged, such as upward pressure on inflation rates due to higher energy and food prices and continued appreciation pressure on emerging market currencies
http://www.un.org/en/development/desa/policy/wesp/wesp_current/2011wespupdate.pdf