Assuming that the productivity growth rate is around the average of the past 20 years, that is, around 1 percent, the annual rate of economic growth for the 2010s onward will ultimately remain between 0.0 and 0.5 percent on average and enter negative territory in the 2030s.
Once again the challenge is to put your skills to the test on the global stage. I am confident that you will create a new success story with each challenge. I would certainly be remiss in not pointing out that the world today is passing through a turbulent phase that requires a realignment of our leadership approach to managing businesses.