These milestones remind us of the progress we have made to date as well as the challenges that remain, and inspire us to persist in our efforts. The conference has a robust agenda ahead.
Because at some stage in the cycles through which all economies go it may be necessary in the interests of maintaining a high level of employment for there to be some reduction in inflation-adjusted (or real) wages, having a low positive level of inflation is more desirable than having absolutely no inflation.