However, one must not forget that structural reforms are needed; these reforms should lead to permanent increases in production potential. Perhaps most important area of reform concerns the labour supply. Working careers need to start earlier and end later. As the population ages, improving the production and productivity of publicly funded health and care services are a vital area for reform.
Let me mention a few other areas of reform. Competition could be increased in services and construction, with changes in regulations being one part of the possible reforms. Supply of housing and especially of land for housing development could be supported by the government policies.