So if we hope to make the best of our opportunities then we should all be asking what we can do here. The second observation is the importance of ensuring that our workforce has an appropriate mix of sophisticated skills to produce premium goods and services. These skills are those required to solve complex problems, identify new opportunities and deliver high-quality customer experiences.
Output has therefore declined for six consecutive quarters. Labour market conditions remain weak. To maintain and expand the productive capacity of our societies, national governments need to improve the structural functioning of their respective economies. Let me outline some examples. First, competition in product and service markets needs to be enhanced without regard for the vested interests that are fighting to supress it.