Fund managers are bullish about the prospects for public equities and emerging markets in 2011, but have bearish views of nominal government bonds according to a survey of investment managers conducted by global professional services company Towers Watson. The survey, which was conducted at the end of 2010, indicates that low central bank rates and mild inflation will continue to stimulate economic growth, helping to avoid a double dip recession and feed the global recovery. The investment managers highlight unemployment as a major challenge for some developed economies, but see it improving during the year.