On the one hand countries have tried various new and unprecedented macroeconomic policies, in order to overcome the crisis as quickly as possible and to achieve economic recovery. And on the other hand they have devoted utmost efforts to pursuing global financial regulatory reforms, to forestall a future crisis and prevent crisis from recurring.
Challenges and strategies In the months ahead, the task for economic managers will be to strengthen the economy in the short term….and to preserve the momentum for economic reforms that will sustain growth in the long term. At the BSP, our job will be to be more steadfast in fighting inflation and reforming the financial sector .