However, it is absolutely clear that for the global economy to get out of this difficult period we have to very much count on all major emerging economies, as the potential for global growth is there.
The third area consists of the analysis of macro-financial linkages, particularly on the credit spreads, credit to the private sector and balance sheet data for different sectors of the economy. The fourth area of focus is the surveillance of macroeconomic conditions. To get started on adopting the IMF framework, we need to take stock of what data we have and of what quality.