This gives some comfort that the turning point in economic activity that we saw earlier in the year has not reversed. Hard and soft data seem to suggest that the shoots of a recovery are there, yet they are still very green and need to be nurtured carefully. The recovery is indeed weak, fragile, and uneven.
2  Svirydzenka K., and M. Petri, “Mauritius: The Drivers of Growth – Can the Past be Extended?”, IMF Working Paper, October 2013  BIS central bankers’ speeches  3  Innovations in banking 16. In banking, I am pleased to report, we are in the midst of, not merely a spring cleaning, but a veritable banking reformation.