To work efficiently, individuals and businesses need a well-functioning public sector and the appropriate framework that provides the right incentives. The public sector has a responsibility to understand how businesses and individuals work in order to provide the appropriate setting and support.
Sustainability of recovery and risk factors  Private forecasts of real GDP growth for fiscal 2003 and 2004 are generally lower than the Bank's forecast in the mid-2 percent range for both years as presented in Outlook and Risk Assessment of the Economy and Prices (hereafter the Outlook Report) in October 2003. However, private forecasts for fiscal 2003 are currently being revised upward.