The supply side There are 3 elements of the supply story that I would like to touch on: the rise in labour force participation the ability of firms to tap into overseas labour markets when workers are in short supply in Australia the trend rise in underemployment.
Asset growth and quality The weakness in credit quality that accompanied the recent recession has clearly been mild for the banking system as a whole, and the system remains strong and well positioned to meet customer needs for credit and other financial services.