Technological advances and innovation have not run their course and will continue boosting future productivity growth. The so-called pessimistic view holds that the recent slowdown in productivity is a permanent phenomenon because the types of innovation that took place in the first half of the 20th century (e.g. electrification, internal combustion engine etc) are far more important than those that took place latter (e.g.
4/5  BIS central bankers' speeches  Finally, an open architecture on the sale and provision of financial services is being designed to allow financial institutions to market and offer financial products of other financial institutions in their own app or website.