Global economy at risk of double dip recession, financial markets pessimistic.
The global economy in 2011 showed signs of slowing down, with some major countries experiencing a decrease in growth rates. This led to concerns about a possible double-dip recession. The United States saw a mild recession, but recovered with the help of monetary and fiscal stimulus. Canada and Mexico showed strong economic growth, while Europe struggled with sluggish performance. Japan also saw an increase in economic activity after a period of decline. Overall, the global economy was facing challenges in maintaining its momentum and avoiding a downturn.