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Economic growth during uncertain times

· Tiff Macklem, Governor of the Bank of Canada (Canada)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, growth, investment and productivity

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· Tiff Macklem Wiki · Bank of Canada WikiEconomic growth during uncertain times

ContextRemarks at the Institute of International Finance and Canadian Bankers Association forum in Toronto; the Bank of Canada keeps inflation low and stable and watches weak economic growth.

Why it mattersThe Bank of Canada governor describes uncertainty as a lasting feature of the economy.

Problems raised
  1. Uncertainty is a new reality.
  2. Inflation peaked above 8%.
  3. Shocks will keep coming.
Solutions proposed
  1. Act decisively on inflation.
  2. Prepare for a turbulent world.
  3. Support growth under uncertainty.
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