However, my hope of leaving behind the issue of pensions – a topic that I had spent most of my professional life on – and being able to deal with broader fiscal and macroeconomic policy issues was in vain.
Nearly every other region of the world has seen an improvement in economic performance during the past year. Many of the world’s poorest countries, including some in Africa, are recording respectable growth rates. Growth in Europe has picked up remarkably and the United States is enjoying the longest expansion it has ever recorded.