As representative economies of the emerging economies,E11's overall economic growth rate was much higher than that of G7 in 2010 and 2011.Although facing the pressure of a slight pullback,the economic recovery of E11 is basically stable.Under the background of slowdown economic growth of developed countries and global liquidity excess,most of the E11 countries tightened monetary policy in the first half of 2011 to control inflation.External imbalances discrepancies among E11 are great and different countries should undertake different measures to deal with them.There is room for E11 to counter with internal imbalances.All E11 economies are facing opportunities and challenges of economic transformation.Since E11 has increasingly become the major international commodity market participants,commodity supply and demand and price fluctuations will have a significant impact on E11's economic development. <<