Conversely, Germany is expected to record its largest budget surplus in a decade, while Japan is forecast to narrow its deficit to 3.7% of GDP.
During a teambuilding weekend at sea we, my colleagues on the Executive Board and I, talked about our goals, our view for the future. The future of the bank, and the future of the financial sector. That was necessary, because in 2011 the financial sector and our economy were recovering from the blows of the financial crisis.