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Decline: Speech Wednesday and Schembri

decline: However, Schembri also described it as slippery number that can be tricky to pin down, to the point it's hypothetical, according to Vancouver Courier. One thing about it is apparent it has been on the decline. Deputy governor Lawrence Schembri mentioned the potential prescriptions in a speech Wednesday that was focused on exploring and demystifying what he called the somewhat abstract notion of potential growth, which provides a reading on what the economy can achieve on a sustainable basis over the long run.article continues below Trending Stories Heritage Vancouver releases 2018 top 10 watch list Panel to ponder three options for arterial road and overpass through False Creek Flats Richmond will only have one summer night market this year Police release photos of suspect in East Van sex assaults He described it as a vital piece of information for the Bank of Canada as it gauges inflationary pressures and contemplates its interest-rate decisions. The bank estimates that Canada's annual potential growth will average 1.8 per cent between 2009 and 2021, which is much weaker than the 2.7 per cent average from 1982 to 2008. A significant development in recent decades is that growth in potential output has been on a generally downward trend in most major advanced economies, including Canada, largely owing to the aging of our populations, Schembri said in a speech to the Ottawa Economics Association and the CFA Society Ottawa. But that doesn't mean there's a shortage of tools to jack it back up again, he argued. ( As reported in the news.