The fundamentals of the global economy do not seem to have changed substantially thus far, but due attention should be paid to the gradual heightening of uncertainties that could pose a downside risk to economic activity, including the risk of turmoil in financial markets seen around the turn of the year leading to deterioration in the economy.
Capital Many people remember the pivotal moment when Lehman Brothers collapsed, but that was only one example of a widespread failure of banking models across the advanced economies. That same year, major banks in the United States, the United Kingdom, Germany, France, Ireland, Switzerland, the Netherlands and Belgium either failed or were rescued by the state.