In addition, due mainly to acute labor shortage, many firms in a wide range of industries are actively making labor-saving investment, and in view of the structural decline in the working-age population, these developments are expected to continue going forward. Furthermore, it can be expected that firms' growth expectations will gradually improve.
Concluding thoughts To conclude, considerable progress has been made in defining the elements of a strategy to reduce the incidence of crises in the future. When it comes to crisis management and resolution, the international community is still hard at work. Many issues on how to put in place a framework for promoting orderly debt restructuring remain outstanding. But significant progress is being made.