RJ and Makay

The economic recovery in developed nations, though far from spectacular, is going pretty much as expected. And according to the latest monthly Reuters poll of world economists, the United States will continue to lead the way economically, with the Euro zone, Great Britain, and Japan trailing far behind.

The U.S. economy should grow 3.1% year-on-year in both 2011 and 2012, poll respondents project. Japan, meanwhile, is expected to struggle to top 0.5% growth per quarter for the foreseeable future unless rising oil prices prompt a quicker exit from deflation.