Real gross domestic product has expanded a little more than 2 percent over the past year, compared with an average annual growth rate of 3-3/4 percent over the preceding three years. The cooling of the housing market is an important source of this slowdown.
If the momentum for structural reforms in the various fields of economic policy can be maintained, we will have made significant progress on the path towards strong, balanced and sustainable growth. Thank you for your attention. 4  BIS Review 151/2010