Our surveys, as well as those conducted by the Export Development Canada and the Conference Board of Canada, suggest that business investment will increase. I can appreciate that making some of these adjustments is not easy. For many firms and employees, it can be a painful and difficult process. But in today’s world, not adjusting is not an option.
before the current global crisis) developed by Ken Rogoff and Carmen Reinhard in 2008.1 Incidentally, both Norway and Sweden are also among Big Five. The Finnish crisis was a boom-bust cycle, which was to large extent caused by problems in the deregulation of the financial system in the 1980s.