Many factors were sighted for the margin squeeze – global competition, low global inflation, and rising input costs as labour and capital resources become more scare. There were also plenty of stories of economic policy uncertainty, as global expectations rise with regard to environmental security, trade access, and climate change action. For a small trading nation, these issues impact confidence and investment.
1/5  BIS central bankers' speeches  Overall, we heard about an economy that is maintaining momentum, but demanding more policy certainty and business confidence, so that firms will invest for the long-term. These are quality business challenges. We also spend a lot of effort assessing global economic developments. And this is where we are most challenged, but not alone.