In a  6  BIS Review 27/2009  cyclical phase that is likely to remain fragile, this public-sector support of aggregate demand should be maintained. Structural net borrowing, amounting to 3.1 per cent of GDP in 2009, is projected to improve steadily until 2012 (by around 0.3 percentage points per year) and remain virtually stationary in 2013.
Credit unions have the potential and structure to reach people of all walks of life, including the poor. Credit unions were founded on the premise of their outreach to the needy and low income earners.