However, it should be recognized that these organizations have lacked sufficient authority and tools to effectively carry out their assessments and enforce their recommendations in all countries, especially in developed ones.
Chart 1: Real gross domestic product in Canada Quarterly data, chained 2012 dollars, seasonally adjusted at an annual rate  $ billions  2,250 2,200 2,150 2,100 2,050  2,000 1,950 1,900 1,850 1,800 2019  2020 Real GDP  Note: Dashed line indicates projected level from the January 2022 Monetary Policy Report.