Given that important institutional changes are already complete, further gains in institutional effectiveness in the country will be difficult to realize. A growing emphasis on higher-value-added production and capital investment will help to boost overall productivity in the long term. We forecast that annual real GDP growth rate will average 2.6% in 2013-20. This growth rate will slow marginally, to 2.3%, in 2021-30, owing to a lower level of investment in that period.