Modest growth is predicted for 2011 approaches, with equities showing promise and emerging markets looking particularly attractive for investors, according ING’s head of asset allocation.

In a breakfast presentation Tuesday, Paul Zemsky said, “Our outlook is modestly positive.” The U.S. economy won’t see roaring growth, he added but he doesn’t think a double-dip into recession will occur either. In addition, he said, “We’ll be in a disinflationary environment for some time.”

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