A challenging question at this juncture would therefore be what it would take to lift the global economy out of growth recession and return it onto a path of sustainable growth.
BIS central bankers’ speeches  1  Greater role of EMEs in reviving growth I believe that active macroeconomic policies played an essential role in containing the global crisis, and saved us from repeating the same mistakes our predecessors made some eighty years ago. But I am suspicious that more macroeconomic stimulus by advanced economies can be a solution to reviving growth going forward.