With respect to the financial system, our banks remain profitable. Banks are adequately capitalized, sufficiently liquid, and non-performing loans as a ratio to total loans remain well below internationally acceptable standards.
A rapid return to potential is neither sufficient nor desirable, if it is only temporary and purchased at the cost of future instability and lower growth. What do I mean by unbalanced economic growth, you might ask? Why isn’t all growth, by whatever means, good?