Similarly, the net effect of fiscal policy on spending may have been weak given that policy measures were probably perceived as temporary, potentially inducing savings in view of higher taxes expected in the near future to finance them.
Leadership is so important that no institution or country can prosper without effective leadership. Effective leadership requires that leaders are prepared to serve others as opposed to being served by others; leaders who put others ahead of their own agendas; leaders who are not too concerned about self-promotion; leaders who have the courage to take unpopular but correct decisions.