This is more or less the growth rate that characterised the Swedish economy during the period 1975 to 1990. What we are looking at now is a single year following a period of very rapid expansion and during which the Swedish economy has been exposed to a sudden global slowdown that has largely been concentrated on a sector of great importance for Sweden, namely the IT sector. All in all, it would seem reasonable to assume that the conditions for the near future look relatively good for a cautious economic recovery, combined with an inflation rate in line with the Riksbank's target. However, it is important to follow developments closely in order to detect whether the course of events will strengthen or weaken. BIS Review 72/2001  5
The implementation of the Automatic Electronic Clearing House (AECH) project  After the introduction of the RTGS system for the settlement of gross payments, the payments infrastructure expanded with the Automatic Electronic Clearing House (AECH) system, which aims at reducing the processing time of small value payments considerably, encouraging as such the use of banking payments. Over the present year, significant improvements have been made in terms of the information technology and communication with commercial banks, which has been indicated by the programmes used and by the purchase of new programmes by several banks. These programmes constitute a better sustaining for the Banking Accounting Manual requirements and serve to the needs of the institution to expand the activity and introduce new services, such as e-banking. 6. The review of the legal framework related to the payment system in the country, paying a special attention to that part which supports the new payment instruments and actors in the country  The abovementioned developments in technology and information have been supported by the Bank of Albania through the formulation of the Regulation ”On the use of information technology and communication of the entities licensed by the Bank of Albania”, approved upon the Supervisory Council decision No. 32, dated 3 May 2006. This regulation will not only assist the provision of a more prudent and complete supervision of the information technology and communication used by banks, but at the same time it will help banks in their day-to-day work and in the use of this technology.