May this year’s conference bring fresh insights and renewed zeal to help the poorest and most vulnerable through digital innovations. In closing, allow me to cite a passage from the Book of Philippians that, like Hebrews 13, speaks of dedication and selflessness: “Do nothing out of selfish ambition or vain conceit.
Ultimately estimating potential output requires making a judgement about the extent to which particular fluctuations in observed output are cyclical and the extent to which they are changes in the path of potential output. The Reserve Bank expresses growth in potential output as the sum of contributions from estimates of trend growth in capital inputs, labour inputs, and productivity.