Indeed, consumer confidence seems to be recovering in the absence of new terrorist attacks. But it is difficult to pinpoint the exact moment that the economy will begin to recover or precisely how strong that recovery will be. What I can say is that the conditions for strengthening world economic growth are in place.
BIS central bankers’ speeches  3  pressures that I just mentioned reflect to a large extent strong demand from emerging economies and may not revert as quickly as if they were due to short-lived tensions in supply.