If you've wondered about the different pace of recovery in different regions, that's something also of concern to the International Monetary Fund. In its recent global assessment, the IMF notes that economic recovery is proceeding broadly as expected, "but downside risks remain elevated". The agency points out that two things are needed to get back on track - internal rebalancing (the recovery of private demand in advanced economies) and external rebalancing, which requires more exports from advanced economies and fewer from developing countries. In effect, the IMF is hinting at the need for more exports from Europe and North America and fewer from China - but that doesn't look likely for forklifts, as we read this week.