All in all these are prudent forecasts, taking into account the productivity gains that have been achieved in the last three years, the growth of the population, the country’s endowment of human capital and the heavy investment in technology and information systems. Productivity performance is in a sense the key to an economy’s strength.
Lastly, in addition to being feasible, structural reform must also be sustainable in the long-term, which in turn requires a strong and broad sense of ownership by the societies implementing them, aided too by a balanced mix of short- and long-term benefits. Trade policy represents another key component of the policy toolkit nowadays.