One of the mechanisms through which the global economy will pick up is the materialization of the effects of each country's macroeconomic policy. Since the beginning of this year, many emerging and commodity-exporting economies have reduced their policy rates.
As for advanced economies, the Federal Reserve cut its policy rate at three consecutive meetings held from July through October, with a view to preventing an actual slowdown in economic activity and prices due to risks concerning weak global growth, as well as trade developments. The European Central Bank (ECB) also conducted monetary easing in September.