That is why in the present, very demanding, circumstances our primary goal should be to strengthen confidence at all levels. The global economy was hit in midSeptember 2008 by an unprecedented and abrupt loss of confidence.
It was perhaps the first time in economic history that a single event was able within just a few days to have a simultaneously negative effect on all households and companies in both the industrialised and emerging economies. We are in uncharted waters, and there are still risks of a sudden emergence of unexpected financial turbulence.