Here is a 160 page long text/pdf file that maps the economic picture of the world as of September 2011.

From the report:
"The crisis legacy has left public balance sheets vulnerable."


An interesting question in the report:

"Given their sizable holdings of European bank paper, U.S. money market mutual funds are a potential
transmission channel of the European sovereign debt crisis. Why have the money funds built up such
a large exposure, and what are the implications if they significantly reduce it?"

Also from a chart on page 41 of report:
"The United States straddles the recovery and expansion phases of the credit cycle. "

[link to www.imf.org]


The economic future is: