Here the risk is very tangible that, with the emergency now over, a purely domestic orientation again prevails in economic policy decisions – a tendency of which some signs are unfortunately already evident. The consequence would be larger imbalances, increasingly erratic capital flows, and greater exchange rate volatility – all factors that ultimately can hamper the recovery.
It is imperative to resist such tendencies and abide to the pledge – repeatedly stated by the G20 – to work together to ensure a lasting recovery and set the world economy on a path of strong and sustainable growth.