• Advanced countries’ monetary policy should “remain supportive” so long as inflation “well anchored”
• Asian countries need to do more to address risks of overheating, hard landing
• FX adjustments should not be resisted in countries with large external surpluses
• Capital controls may be of temporary use in countries facing surge in capital inflows
• Daunting employment prospects could could create “lost generation” of young people
• Rising economic tensions may lead to protectionism, instability, even war within nations