That means a significantly diminished ability to generate goods, services and incomes on a sustainable basis. And many of those scars could become permanent without deliberate actions from all of us. I’d first like to walk you through what is driving our revised estimates of potential output.
Next, I’ll talk about the need to boost these numbers to raise the prosperity of Canadians and help manage the high debts we now face. I’ll end with how the Bank will provide a strong and stable foundation to build on.