In 2010，the world economy has stepped out of recession and entered a period of slow and unstable recovery. However，the economic recovery in the developed and developing economies shares little in common in terms of pace and strength，leading to the coexistence of the risks of deflation in the developed countries and inflation in the major emerging economies. The international financial stability has been improved but still faces many uncertainties，while the international trade and investment have shown recovery but the sustainability of growth is still in doubt. The prices of the primary commodities have largely recovered and stabilized at the pre-crisis level. The global governance in the financial field has been making progress. However，the heavy debt burden of the industrialized countries is casting shadow on the global recovery and long-term steady growth，and the “rebalancing” issue has become increasingly crucial for the consolidation of recovery. Therefore，the world economy is expected to continue its slow，unbalanced and unstable growth in 2011.