Possible Economic Trends in 2011

Worldwide people will experience immense social and economic change in 2011, as the change in economic power continues to shift east. Possible economic trends in 2011 include:

* A backlash against austerity from Europe - the need for deep austerity is seen by many and at the same time is also perceived as being unfair and unbalanced. This could lead to further demonstrations as well as many European countries defaulting on their debts. There is also a possibility the Euro could still be saved in spite of the cost which may result in an economically weakened Europe.

* One of the economic trends in 2011 will be renewed turmoil in the banking sectors as many of the banks still remain exposed to potential downturns on the stock markets. Due to holding onto vast markets in derivatives this scenario has been created, as opposed to passing on this toxic debt to the governments. Should there be a natural disaster that occurs naturally in Korea, this could lead to banks bailing out.

* The use of the US dollar has been abandoned by Russia, China and India, as these countries have agreed at the end of 2010 to trade energy as well as goods in their own local currencies. India also signed a similar agreement with Russia and China.

* In spite of the recession there still has been an increase growth in the luxury markets and vacations in luxury resorts and luxury brand are on the increase as well as notable sales of private aircraft. However, there are signs that the global economy is improving due to the growth of luxury travel.

The USA dollar is weakening, and the green energy revolution replaces real interest and replaces promises. China, Russia and India and Brazil economic growth rises. The economic trends in 2011 could present turmoil with increased austerity and economic growth.

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