And I, too, would admit to seeing some scope for constructive criticism in this regard. I’m not alone in sometimes being taken aback by how multifaceted and detailed the regulatory framework has become in recent years. What exactly is behind this increase in complexity? A growing number of rules, their intricacy and their degree of detail.
Domestic demand for its part is expected to be supported by strong corporate sector earnings, healthy balance sheets, still moderate interest rates (lower than in the US) and better labour market conditions.