For those of you not familiar with the COSO framework, let me briefly explain that an enterprise-wide risk-management framework identifies potential events that may affect the entity and establishes how the organization will manage its risk given the firm’s risk appetite and strategic direction.
In the event, it was 4.3%, which continued our record of expecting a modest slowdown that did not arrive. I also said that we expected growth to be 4% in the year to June 2000, and on present indications this still looks likely, even though the rate may well dip below 4% in the year to March.