And, as we learned during the course of the crisis, the universe of institutions whose potential failure was regarded as having systemic consequences extended well beyond banks, or even bank holding companies, to include financial firms not subject to mandatory prudential regulation.
The NBU has also performed scheduled revisions of other macroeconomic forecasts 1/3  BIS central bankers' speeches  The NBU has revised its economic growth forecast upwards, to 3.5% in 2019–2020 and 4% in 2021. The revision was driven by the sustained domestic demand, higher productivity in agriculture, and improved consumer sentiment.