Growth in domestic demand has moderated from its earlier heady pace, though it still seems to have been running at 3½ to 4 per cent over the year, which is probably a bit above the economy’s sustainable capacity to increase production. Yet growth in employment has remained quite strong, and the rate of unemployment has, if anything, edged down over the past year.
Nonetheless, I will not delve into this topic at present as we could spend many hours discussing the various issues surrounding it. Let me stop here and thank you for the opportunity to talk to you today and to share a few ideas on the fascinating topics of financial stability and corporate governance.