tailieunhanh - Economic System Needs ‘Major Changes’: Global Poll

Each of the tools that the FOMC has available to provide further policy accommodation--including longer-term securities asset purchases, changes in communication, and reducing the IOER rate--has benefits and drawbacks, which must be appropriately balanced. Under what conditions would the FOMC make further use of these or related policy tools? At this juncture, the Committee has not agreed on specific criteria or triggers for further action, but I can make two general observations. First, the FOMC will strongly resist deviations from price stability in the downward direction. Falling into deflation is not a significant risk for. | BBC WORLD SERVICE POLL Economic System Needs Major Changes Global Poll Major reform of the international economic system is needed in order to solve the current crisis according to a new global poll of over 29 000 people carried out for BBC World Service. As G20 leaders prepare to meet in London this week 70 per cent of those across the 24 countries polled by GlobeScan think major changes are required to the way the global economy is run. Only 4 per cent think no significant changes are needed. Majorities in most countries - on average 68 per cent - also see the need for major changes to their own country s economy. Of the 24 countries polled 15 are part of the G20 and among those countries 65 per cent think major changes are required to the international economic system while 62 per cent see the need for major changes to their own country s economy. When asked whether the downturn in the global economy has negatively affected them and their family over six in ten 62 said it had affected them at least a fair amount . Thirty-one per cent say that it has affected them a great deal . Both these figures are little changed from a BBC poll in mid-2008. More than two in five 44 say that they have been personally affected by shortage of credit for mortgages and other loans at least a fair amount with one in five saying it has affected them a great deal. The findings suggest that people in developing countries are being harder hit by the economic downturn than those in richer nations. People in Kenya 74 Egypt 64 the Philippines 55 and Turkey 50 are most likely to say that the global economic downturn is affecting them personally a great deal . Mexico 55 and Nigeria 39 meanwhile have among the highest proportions of people saying they have been negatively affected a great deal by the credit shortage. Asked when they expected their situation to improve those personally affected by the economic downturn were divided between those who think it will last more than two years 45 .