The global economic context Over the past few years, we have seen a strong expansion of the global economy. Indeed, the rate of expansion has exceeded the growth rate of global potential output. This strong growth has led to higher prices for many of the primary commodities that our two countries produce.
The major change is separate disclosure of securities whose fair value is below carrying cost. Organizations must now disclose separately the amount of securities that have been in a continuous unrealized loss position for more than one year, and in the narrative discuss why the loss has not yet been recognized.