Eighth, focused and determined approach to research across various units, including the regional offices, should be pursued so that research agenda being adopted by the Department is accomplished in a timely manner. For data management and dissemination, technology must be harnessed to its fullest extent.
There is also a need to strengthen the modelling and forecasting capabilities towards developing a full fledged forecasting suite including DSGE models. Finally, I congratulate the Department for its many achievements. However, there are challenges ahead, to some of which I have drawn your attention.