In addition, both lenders and borrowers have a much wider range of instruments from which to choose the risk profile of their financial positions and to adjust that profile in response to changes in their own situations or in the overall financial and economic environment.
Annual real GDP growth is projected to lie in the range of 2.4% to 2.8% in 2007, and be between 1.5% and 2.5% in 2008, and between 1.6% and 2.6% in 2009.