For example, in its World Economic Outlook Update published in January, the International Monetary Fund (IMF) wrote that „in [the] advanced economies, a modest and uneven recovery [was] expected to continue, with a gradual further narrowing of output gaps‟.
Since the inception of the  BIS central bankers’ speeches  1  ECB at the turn of the century, the policies of the ECB and the Federal Reserve have generally been complementary.