Thus, while adequate national saving is a necessary condition for capital investment and rising productivity and standards of living, it is by no means a sufficient condition. The former Soviet Union, for example, had too much investment, and without the discipline of market prices, they grossly misplaced it.
As you may have already read in news reports, the BSP has implemented many unprecedented measures to soften the blow of the pandemic on the economy, and we stand ready to do more if necessary.