Less and more in the current economy  After the financial crisis, financial regulation has been hailed as a saviour of the economy. Yet the current state of the world economy and that of most advanced national economies are eroding this standing.
Concerns persist over further disinflation, but business and household sentiment continues to improve in a situation where financial markets have stabilized, and production has been picking up, albeit moderately. Whereas improvements are observed in advanced economies as I described, the situation varies among emerging and commodity-exporting economies.