So in sum while several challenges do present themselves they catty within them the core of opportunities which will spur development impulses and lead to growth with equity. Thank you for a patient hearing. 6  BIS central bankers’ speeches  BIS central bankers’ speeches  7
As I said, the Dutch business cycle has become more volatile recently, as well as more synchronized with the US. Both observations are in contrast to the global picture of more moderate cycles with stable synchronization. In my opinion, these atypical features of the Dutch business cycle can be explained in the terms that I used to describe the global picture.