Therefore, before I proceed further, let me commend the Business and Financial Times (BFT) for their relentless efforts in organising this event over the past seven years. Also, let me express our appreciation to all the sponsors who have contributed resources to make this programme a success over the years. Page | 1  2.
Empirical estimates of potential output growth - by construction typically move somewhat over the economic cycle and this should not be confused with changes in the sustainable rate of growth. With the benefit of hindsight we were right to have been relatively cautious when the new economy paradigm was discussed at the time.