We also saw this in the way BAIPHIL escalated its increasingly popular financial education program for teachers and parents and for other marginalized sector groups. Congratulations! This time, with BAIPHIL President Liza Ortiz at the helm (from July 2016 to June 2017), your theme is “Leveraging Capabilities and Synergies for Banking Excellence.” Indeed, this is the call of the times.
In addition, the progress made in fiscal consolidation and structural reforms, as well as gains in real disposable income, should make a positive contribution to economic growth. Furthermore, demand for exports should benefit from the ongoing global recovery. However, although labour markets have shown some further signs of improvement, unemployment remains high in the euro area and, overall, unutilised capacity continues to be sizeable.