However, we should acknowledge that, in this respect, in less than a year the G-20 and the Financial Stability Board have become the new protagonists: the first, as a sort of world economic “steering committee”, which availing itself of the IMF’s analysis and advice can enhance international cooperation on all fronts and help achieve balanced and sustainable growth; the second – enlarged and institutionalized from its predecessor, the Financial Stability Forum – to make substantive progress in the key task of setting out financial and regulatory standards that will also involve the Basel committees, as well as the Fund.
As for the outlook, the economy will likely follow a moderate recovery trend, while uncertainty -- associated, for example, with political issues such as those regarding negotiations on the United Kingdom's exit from the European Union (EU) -- is expected to be a burden.