If you're looking at the direct contribution of government spending on goods and services, we think that potentially the economy is growing at about 2%. If spending is growing 2% or less, it's not adding undue inflationary pressures.
October 30th, 2023 / 5:35 p.m.
Governor, Bank of Canada
If you're looking at the direct contribution of government spending on goods and services, we think that potentially the economy is growing at about 2%. If spending is growing 2% or less, it's not adding undue inflationary pressures.
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