The problems of the global economy should be the impetus for action. We need to find ways to minimise the negative impact of the prevailing crisis, and be ready to take advantage of the global recovery when it comes.
As we emphasised in our recent monetary policy statement, a sustained increase in the potential output of the economy will require a concerted and coordinated effort from both government and the private sector. Policy consistency and coordination is essential if we are to achieve a growing economy and significantly reduce unemployment.