1. I would like to thank Demosthenes Ioannou, Maria Grazia Attinasi, Donata Faccia and Jean-Francois Jamet for their help in preparing this speech. 2. Panetta, F. (2022), “The complexity of monetary policy”, keynote speech at the CEPR-EABCN conference on “Finding the Gap: Output Gap Measurement in the Euro Area” held at the European University Institute, Florence, 14 November. 3.
High savings and investment rates, competitiveness of exports, growing domestic market size, favourable business environment and sound economic management have reinforced the strengths of these economies to take full advantage of the opportunities provided by globalization. I do not see any serious signs of slack in the Asean +3 Group.