Tuesday, a survey by BofA Merrill Lynch Global Research said that 2011 will be a year of modest global GDP growth and excess liquidity that will translate into higher global equity prices, led by the U.S. and emerging markets, modest returns from fixed-income assets, a stronger U.S. dollar and another positive year for commodity prices.
In its 2011 Year Ahead outlook, BofA Merrill Lynch Global Research projects that the cyclical bull market in risk assets that began in March 2009 is not yet over, and is forecasting global economic growth of about 4% during 2011.
The team believes that the key driver of many of the economic, policy and market stories in 2011 will be the large gap in economic performance between developed and emerging economies; the team estimates that emerging markets will account for over three-quarters of global GDP growth.
Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corp. (BAC).
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.