BIS Review 38/2003  1  All these elements, then, look and feel remarkably similar to a central banker migrating from an advanced developed country to an emerging market economy. What is, of course, fundamentally different is the economic, social and cultural environment in which the policy process has to be operated.
•  On a quarterly basis, growth in Canada is expected to pick up to about 2.5 per cent in the second half of this year. Despite this expected pickup, with the weak growth in the second half of 2012, annual average growth is now projected to be 1.5 per cent in 2013.