The world economy is currently doing well. According to calculations by the International Monetary Fund (IMF), global growth will amount to 3.9% both this year and next year (IMF 2018). For the coming year, the IMF is forecasting only a slight fall in growth from 2.4% to 2.2% for industrial countries and from 2.2% to 1.9% for the euro area.
In a systemic crisis, deposit insurance schemes can succeed only if the state, and thus the taxpayer, credibly guarantees the liabilities, as illustrated, for example, by the TV appearance by Chancellor Merkel and Finance Minister Steinbrück in 2008, in which they guaranteed all banking deposits in Germany.