The removal of labour market rigidities and the strengthening of productivity growth would further support the adjustment process of these economies. Increasing product market competition, particularly in the services sectors, would also facilitate industrial restructuring and encourage innovation and the adoption of new technologies. We are now at your disposal for questions. BIS Review 130/2010  3
We seem to be in the process of “normalisation” in the sense that we move to a more stable situation. However, the crisis is not over yet and the situation in some financial market segments remains challenging. 2. The “new normal” will be different, but still difficult to characterise. The crisis will have changed the economic and financial environment a lot.