English to Arabic Other Journalism interview

• Jim, what’s your sense of where the global economy is heading in 2013?
The banking crisis, which became an economic crisis, which became a sovereign debt crisis, has at times seemed to be playing out in slow motion. The same can be said for the recovery. But I think in 2013 we just might be turning the corner. Recovery is still patchy of course, and we’ve recently seen blips in the US and the UK. But China looks to have avoided a hard landing, Europe still has big challenges but is in a better place than it was a year ago, and businesses and consumers are starting to spend money again.

Austerity programs versus growth platforms, and fiscal matters more broadly, are likely to continue to be one of the biggest issues throughout the year.