Although some slowing from this torrid pace is most likely in the first quarter, labor markets remain exceptionally tight and the economy evidently retains a great deal of underlying momentum despite the global economic problems and the still-visible remnants of the earlier financial turmoil in the United States. At the same time, no evidence of any upturn in inflation has, as yet, surfaced.
For example, in accordance with recent studies, it is well known that in Mexico the average time needed to open a new business is 90 days, while in Canada it takes only two. The implementation of structural reforms requires previous political agreements. That happened in Canada and in other countries that have successfully completed such reforms.