Some observers believe that we have exhausted the low-hanging fruit on the productivity tree and, in particular, that efficiency gains from the use of IT have run their course. 3 Other observers argue that we can reach fruit higher on the tree with each passing year.
*** Page 2 of 6  Other sectors of the financial system were also characterized by favourable developments. The value of assets of the pension sector in September 2018 amounted to EUR 1.76 billion, marking an annual growth of 11.2%. Return on pension fund investments continued to be positive, indicating an increase in the value of pension savings of citizens.