These productivity gains result from many forces, including business investment that has increased the amount and quality of capital available to the workforce, business process innovations, and the growth of innovative, research-intensive industries such as information technology and biotechnology.
Subject to the outcome of the industry consultations, the Financial Stability Council will seek authority for promulgation of the law to establish the Fund. Global Economic Prospects in 2020 Honourable Minister and Distinguished Guests, now looking ahead, the global economy is expected to grow by 3.3 percent in 2020, higher than the estimated expansion of 2.9 percent in 2019.