A concerted process of structural reform, continuing the progress made in recent years, would tend to raise investment demand by increasing expectations of future productivity and thereby making larger set of investment projects profitable.
It is noted that the estimate is subject to considerable uncertainty. Unemployment in 2006 is estimated at 129,000, indicating a fall by approximately 1,000 a month throughout the rest of the year. From February to March 2006 the figure fell by 4,300. As usual, the forecast is self-stabilising. The above tendency is positive. It is, nevertheless, difficult to model overheating, as pages 112-113 show.