The potential growth rate can be broken down into the rate of growth in the number of workers and that of real GDP per worker – in other words, the labor productivity growth rate. Future developments in the number of workers can be determined quite accurately on the assumption of the most recent labor participation rate by gender and age.
I want to take this opportunity, on behalf of the Central Bank of Seychelles, to express solidarity with the countries in southern Africa affected by the recent floods. On this note, I wish you all successful and fruitful deliberations and hope you make the most of this opportunity for networking and peer-to-peer learning.