Y V Reddy: Current concerns and some perspectives on inflation Concluding remarks by Dr Y V Reddy, Governor of the Reserve Bank of India, at the Institute for Development Research in Banking Technology (IDRBT), Hyderabad, 27 August 2004.
Since our last appearance, there have been two developments that led us to downgrade our outlook for the Canadian economy. The first is a lower trajectory for exports. After a sharp decline in goods exports over five months, we had a rebound in July and August. But that was not enough to make up for the ground that had been lost.