Small economy, big resilience

A mid-sized export-oriented economy is seeing stronger growth forecasts, high competitiveness rankings, and stable interest rates despite external uncertainty. Break down the policy mix that can support this kind of resilience. Discuss how monetary policy, industrial upgrading, global supply-chain positioning, fiscal discipline, and innovation policy interact. What indicators would tell you whether the growth is broad-based or concentrated in a few sectors, and how can leaders avoid overheating while sustaining momentum?