Wade sees sustainable growth story for 2011

Keith Wade, chief economist at Schroders, offer his thoughts to Julian Marr, editorial director of Marketing-hub.co.uk, on the ups and downs of 2011, which overall he expects to be a year of sustainable growth.

What is your central view for the year ahead? We expect 2011 to be a year of steady growth. It will not be a particularly spectacular year, but we do think the growth will be sustained and the world economy will be able to avoid a double dip. That is really the critical element of our forecast – that growth is sustainable. Corporate earnings will probably grow further and inflation will be quite low – and there will still be a risk of deflation in that kind of environment. Unemployment should come down in the US – slowly – which should provide some better news for President Obama and fo...