It may be less interesting, but it is certainly more impressive to be present in an era of unprecedented global growth – growth based on the Fund's approach of integration into the global economy – as the increasing economic weight of developing countries, especially of China and India, transforms both economic and political relations among nations.
After peaking at 10 percent in October 2009, the unemployment rate fell rather steadily to 4.1 percent in January— the lowest level, outside of a period from 1999 to 2000, since the 1960s.