Should any of these downside risks materialize, foreign activity and demand for U.S. exports could weaken and financial market conditions could tighten further. Of course, economic growth could also exceed our projections for a number of reasons, including the possibility that low oil prices will boost U.S. economic growth more than we expect.
BIS central bankers’ speeches  1  Impact of global crisis on national safety nets Ladies and Gentlemen, as we fast forward to the present, our experience of the current global financial crisis points to some limitations of existing national safety nets for safeguarding financial stability.