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2011 review: economy

David Smith provides a review of most important developments in the economy in 2011

When you look back on a year like 2011 12 months in which so much happened it is hard to pin it down to just five key developments. The Arab Spring in which dictators were overthrown and in some cases such as Libya’s Colonel Gaddafi suffered the most violent of ends was not even a twinkle in the eye a year ago. It will be long remembered. So too will the killing of Osama Bin Laden before the 10th anniversary of the 9/11 attacks on America. We have not heard the last of Al Qaeda by any means but Bin Laden’s death and other successful strikes against its leadership have reduced its power. Those are big...

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