These forces put a premium on raising our productivity growth. But our productivity performance has been particularly weak in recent years. And this now risks holding back the recovery if competitiveness challenges restrain net export growth. As stretched households in Canada pull back and government stimulus unwinds, business investment and net exports must play bigger roles in driving growth.
Over the past 10 years, it has almost tripled its share of the global economy to become the second largest economy after the United States.1 China now uses a large share of the global output of commodities, not only because it’s a large economy, but also because it makes relatively intensive use of raw commodities.