In 2017 we can look forward to real GDP growth which is close to the economy’s medium term potential growth of around 5 percent per annum. With inflationary pressures firmly under control we can also be confident that annual core inflation will continue to trend around our medium term target of 5 percent. Thank you for listening. 5
The first possible problem is that if inadequate household saving persists, it could mean inadequate provision for retirement. This, in turn, would put increased demands on future taxpayers. This is an issue of inter-generational equity.