However, the economic recovery is likely to be uneven and output in some countries, including in some of our major trading partners, is not anticipated to reach pre-crisis levels until 2011. The uncertainty about the pace of the recovery requires us to be prudent in our economic management.
At the same time, we must position ourselves to take advantage of the recovery when it comes. My remarks, this morning, focus on the issue of productivity enhancement as a mechanism of strengthening that recovery.