Third, they indicate that a low inflation environment emerges as a new challenge for sustained economic growth. Now I will elaborate on some important but often-ignored or newly-emerged factors in achieving sustained economic growth. This year’s conference takes up such issues in a well-balanced manner. I am convinced we will be able to broaden and deepen our understanding of economic growth here.
Solutions are turning more difficult to come by as the global economy seems to be moving into a new and unsettling phase in an environment of stressed trade negotiations, rising geopolitical confrontation, and limited policy space and high debt levels in several economies. General government debt of AEs as a group has surpassed 100 per cent of GDP.