The financial turmoil in EMEs in early 2014 was less acute than in mid-2013
Credit has increased rapidly
Inflationary pressures in the OECD are currently weak
Disinflation and increasing economic slack
Disinflation in euro area prices and costs
Investment is below pre-crisis levels in most OECD economies
Investment ratios are below illustrative steady state estimates in most OECD economies
Policy uncertainty is starting to fade
OECD financial conditions remain accommodative
Credit growth and standards