Going forward,  BIS central bankers’ speeches  5  as the economy as a whole continues to grow with the virtuous cycle continuing to operate, corporate profits and employee income are likely to improve further and the gains of the economic recovery are expected to spread.
Of course, achieving the price stability target of 2 percent in itself will not solve the challenges regional economies face and raise their growth. Population decline and aging are progressing more rapidly in regional than in urban economies, necessitating medium- to long-term initiatives to raise growth in the regions.