Should this be a major source of concern for Cyprus? Do you think that this might be one of the amendments required to be made in the Stability and Growth Pact – the Maastricht Treaty, adding into the criteria one for the current account deficits?
The Bank projects that the Canadian economy will grow by 1.4 per cent this year, 2.4 per cent in 2009, and 3.3 per cent in 2010. The emergence of excess supply in the economy should keep inflation below 2 per cent through 2009.