What we need to do now is to work together to sustain growth by stimulating economic activity and thereby avoid the negative feedback loop from the global crisis. We want to see firms continue to sell, households continue to spend, banks get their loans paid, and Government sustains its fiscal efforts to support investments on infrastructure and social safety nets.
2  BIS Review 24/2009  While our economic fundamentals here in the Philippines remain sound, there is great urgency in addressing the possible fall-out from the global economic and financial turmoil. In the US, President Obama’s government promptly put together the first tranche of their economic stimulus package amounting to $ billion.