We may have plucked the low-hanging fruit but much more needs to be done to minimise risk to the system and to our jurisdiction. 52. Islamic banking.
This benefit comes on top of the improvement in living standards that increases in productivity generate. Achieving higher productivity growth requires comprehensive structural reforms aimed, in particular, at sheltered sectors of the economy where there is insufficient competition. Third, convincing fiscal consolidation to redress the fiscal imbalances is essential.