Table 1 Domestic scenario (annual change, percent) 2013  2014 (f) Jun.14 Report  Sep.14 Report  2.5-3.5 1.75-2.25  Dec.14 Report  2015 (f) Sep.14 Report  Dec.14 Report  GDP  4.1  1.7  3.0-4.0  2.5-3.5  Domestic demand  3.4  1.7  0.1  -0.7  3.4  3.0  Domestic demand (w/o inventory change)  4.2  2.4  1.0  0.4  3.2  2.6  Gross fixed capital formation  0.4  -0.7  -4.1  -6.2  1.8  1.9  Total consumption  5.4  3.4  2.6  2.4  3.6  2.8  Goods and services exports  4.3  3.2  2.4  1.4  3.8  4.0  Goods and services imports  2.2  -1.1  -3.9  -5.9  4.0  3.7  Current account (% of GDP)  -3.4  -2.5  -1.8  -1.6  -2.2  -1.1  Gross national savings (% of GDP)  20.5  19.9  19.8  19.7  19.7  20.8  December CPI  3.0  4.0  4.1  4.8  2.8  2.8  December CPIEFE  2.1  3.7  3.4  4.3  2.5  2.8  (f) Forecast. Sources: Central Bank of Chile and National Statistics Institute (INE).
The global financial crisis significantly undermined confidence in the financial system, and the discovery of ethical lapses that continue to be reported today has further eroded public trust in financial institutions. There is an urgent need to restore faith in the utility of financial services, firstly through the demonstration of fair and responsible practices and reinforced with the provision of valueadding products and services that are meeting the real needs of consumers and businesses. Financial institutions with their extensive reach and customer relationships are in a unique position to have a more significant role in advancing the financial education agenda. In Malaysia, this has included providing technical support and materials for teachers to improve their knowledge and increase confidence in teaching financial matters in schools. Financial institutions have also adopted more than 10,000 schools across the country under the School Adoption Programme with wide ranging activities in money management for the children. The financial institutions also work closely with the Credit and Debt Management Agency in the implementation of financial education programmes for adults. Today, the focus on financial capability has become a global agenda. This has provided opportunities for policymakers to learn from their peers across countries and leverage on the international network of expertise in addressing common issues and challenges. This Symposium is a great example of realising such opportunities. The possibilities for meaningful cooperation at the regional and global levels are tremendous. This has already included research, technical assistance and guidance for policymakers.