As a nation, we need to keep an eye on these opportunities, while, at the same time, understanding and managing the associated risks as best we can. Elsewhere, the recent economic data have mostly had a slightly more positive tone. The US economy is recording above-average growth and the unemployment rate is around most estimates of full employment.
In Europe, the economic news has recently tended to be a bit better than it had been earlier in the year and a recovery, of sorts, is taking place there. In India, too, the growth momentum looks to have improved, although in a number of countries in east Asia, both domestic demand and export growth have slowed.