However, real wage developments have remained similar across all skill groups in the euro area; see further details in ECB (2008), “Globalisation, trade and the euro area macroeconomy,” Monthly Bulletin, January. 20  See, e.g.
Of course, Saskatchewan has been helped a good deal by the increase in world commodity prices that I mentioned earlier – especially for energy, potash, and uranium, while manufacturers here have faced challenges similar to those faced by manufacturers elsewhere in Canada. To summarize, the past five years have been a time of large and significant economic adjustment.