BIS Review 112/2008  5  functioning financial markets operating within a sound and stable financial system. While markets in Canada have certainly been volatile in recent weeks, it is worth noting that strains in Canadian credit markets have been considerably less intense than those seen in the United States and elsewhere.
The situation was aggravated by the financial and debt crises, but these are far from the only reasons for the lack of consumer and investor confidence that is currently hampering economic growth. In addition to a negative impact on confidence, weak growth in our key export markets obviously has an impact on Danish growth.