Those behavioural responses are having a significant impact on the shape of the economic recovery. A third source of variation is the share of the service sector of the economy, which has been most affected by shutdowns. That is evident in countries like France and Spain where tourism is a sizeable part of the economy. The notable exception is the Chinese economy.
Developments in the financial system  As at December 2002, the financial system in PNG consisted of four commercial banks, six finance companies, 17 savings & loans societies, ten major superannuation funds and six life insurance companies. Over the last two years, two commercial banks were sold and amalgamated into the operations of the other two existing banks.