Canada has reached the phase of the economic cycle where investment usually takes over as the lead engine of growth and this capacity-building process becomes central. I think of this 1/6  BIS central bankers' speeches  phase of the cycle as the “sweet spot,” where rising demand actually drives the creation of new supply.
According to estimates by the IMF, the world economy grew by 5,4 per cent last year, following the 4,9 per cent recorded in 2005. In fact, the growth rate during the last five years averaged 4,5 per cent making it the highest in more than three decades. There are some important characteristics of the recent growth performance of the global economy.