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Banqueros en acción

Remedios Varo, Banqueros en accion, Bankers in action

Remedios Varo, Banqueros en accion, Bankers in action

From the IMF’s World Economic Outlook…

A Policy-Driven, Multispeed Recovery“…

~~~ “Driving the global rebound was the

extraordinary amount of policy stimulus.

Monetary policy has been highly expansionary,

with interest rates down to record lows in most

advanced and in many emerging economies,

while central bank balance sheets expanded to

unprecedented levels in key advanced

economies. Fiscal policy has also provided

major stimulus in response to the deep

downturn. Meanwhile, public support of the

financial sector has been crucial in breaking the

negative feedback loop between the financial

and real sectors. At the same time, there are still

few indications that autonomous (not-policy induced)

private demand is taking hold, at least

in advanced economies.