3 Although it warrants attention that consumption of durable goods and other goods has been affected by the decline in demand following the front-loaded increase for a somewhat prolonged period, it deserves special mention that consumption – which has been posting higher growth – has been the driving force of  1  Demand-side statistics, such as the Family Income and Expenditure Survey, show that there has been some weakness in recent developments in private consumption that cannot be explained by the decline in demand following the front-loaded increase.
Nevertheless, the fiscal and economic policy reforms needed to bring about a lasting solution are, in the short run, costly – both politically and economically. Therefore, a major challenge for monetary policy is that its unconventional measures and the temporary relief they afford are not seen as an excuse to delay, or even reverse, these reforms.