The Global Economy: Threats–and Responses Posted on March 12, 2009March 12, 2009 by Your Financial FactSheet BusinessWeek, Bovino: The Global Economy: Threats–and Responses In most regions, inflation has fallen sharply from its 2008 levels, largely on sharp declines in oil prices. Most countries are seeing rapidly falling inflation rates, also known as disinflation. Jamaica Observer: “Obama urges other nations to take stimulus action” WASHINGTON, USA (AP) – Just ahead of a major global economic summit, President Barack Obama called for international allies to develop more aggressive steps to jump-start their own economies.