Considerable challenges therefore remain, which differ across countries but which all urgently require determined action. We are now at your disposal for questions. BIS Review 13/2007  3
Nonetheless, the degree of slack in the economy overall does not seem large in comparison with the apparent size of the expansion in resources sector income and investment now under way. With that general outlook, it follows that macroeconomic policies must be configured in the expectation that there will need to be some degree of restraint.