This changing environment might entail new sources of risk as well as different transmission channels of financial instability. Robust prudential standards in the nonbank financial sector therefore need to be upheld, and changes to the financial structure need to be reflected in the supervisory framework to avoid risks developing beyond the watch of supervisors.
Also, the lower cost of oil imports should positively affect the net exports component of the GDP growth calculation. The appreciation of the dollar since last summer will likely affect the export sector, to some extent.