See Holm-Hadulla, F. and Thürwächter, C. (2021), “Heterogeneity in corporate debt structures and the transmission of monetary policy”, European Economic Review, Vol. 137 and Cappiello et al. (2021), “Nonbank financial intermediation in the euro area: implications for monetary policy transmission and key vulnerabilities”, Occasional Paper Series, No 270, ECB, September. 27.
The global outlook is summarized in Table 1. In Canada, we were looking for weaker economic growth in the fourth quarter of this year and the first half of 2008, but some strengthening thereafter. As you can see from Table 2, we were expecting continued strong final domestic demand throughout the projection period, but considerably weaker net exports.