AXiM - Phelps: American economic growth will exceed Europe next year

First, the EU faces an uncertain economic recovery, prospects for U.S. growth and high unemployment also is not optimistic. However, the latter half of 2010, U.S. economic growth than Europe. Currently, the U.S. tax cuts next two years has passed, I believe the U.S. will be more advantage.
Second, central banks around the world in 2010 generally over-loose monetary policy adopted in 2011 it will continue to release large amounts of liquidity.
We expect global GDP growth in major developed countries is lower than average, and below the 2010 level. U.S. fiscal stimulus plan to boost U.S. growth, but the euro zone, Japan and the UK level of growth will decline compared with 2010.
Steady growth in emerging market countries. For inflation, emerging market economies will be proper control of policy makers the economic growth. Major emerging market countries will strengthen the management of inflation, but not over-tighten the implementation of the policy.
After inflation, the Federal Reserve and European Central Bank increased interest rates for the first time, it is estimated the first quarter of 2012, the Bank of England raised interest rates for the first time estimated in the third quarter of 2011. Emerging market central banks will carefully slight increase in official interest rates.