Indeed, DB plans are increasingly concentrated in mature industries with aging workforces, for which the growth rate of liabilities is relatively high and rising. This longer-term challenge will remain even if the current favorable market conditions are sustained. Conclusion In summary, recent indicators suggest that the pace of economic activity remains solid, while inflationary pressures continue to be subdued.
In addition, the household and business sectors are, by and large, in good financial shape. Although uncertainties remain, I believe the fundamentals are in place to generate sustainable economic growth. BIS Review 13/2004  5