The new frontier: voyage to a new season of excellence As we continue our voyage to a new season of excellence, let us examine what is ahead of us… Our sound macroeconomic fundamentals and gains from earlier reforms will continue to support our growth prospects. However, we need to be mindful of potential sources of vulnerabilities.
The year 2016 saw the unfolding of unexpected global events that have escalated the level of policy uncertainty and market volatility. We have to be prepared as well for the seemingly imminent wind-down of ultra-easy monetary policies in advanced economies.