In the Australian economy, growth is around trend and underlying inflation is in the target range. This is a comfortable position to be in, but the challenge is to keep the economy there over the next few years. The challenge will not be easy.
Conclusion Ladies and Gentlemen, suffice it to say that there is general consensus that the legacy of the CLICO/CIB crisis is expected to generate significant changes in our local financial landscape. There is perhaps less agreement on what shape the new financial landscape would take.