As a result, officials in many countries are undertaking efforts to understand and adapt to the transformation of the financial system. Many jurisdictions are making efforts to ensure statutory and regulatory frameworks apply like rules to like risks, and some jurisdictions are issuing or contemplating issuing central bank currency in digital form.
Ambitious labor market reforms, decisive deregulation and strong governance reforms are all supposed to raise potential growth effectively through increasing both labor and capital inputs, as well as by improving total factor productivity.