Looking back over the past two years Let me set the stage by briefly reviewing what has happened to the Canadian economy over the past two years. In early 2020, the pandemic triggered sudden and severe economic contractions around the world. In Canada, gross domestic product (GDP) declined by about 15% and about three million Canadians lost their jobs.
Economic growth is robust in a climate of price stability. My message to you today is clear. The internal stability of the euro will be maintained. The people, also here in Belgium, can be confident that their savings and pensions will keep their value over time.