And the sharp deterioration in equipment spending, concentrated in the high-tech sector, is likely to take a little edge off structural productivity growth by slowing the contribution from capital deepening.
BIS central bankers’ speeches  1  The central feature of the reforms was to consolidate the supervisory responsibility for the financial sector in a single agency and bring Malawi in line with international best practice. This would create a platform for effective financial sector supervision from which the financial institutions can better contribute to the growth and development of the country.