Yes. Our economy is not growing very fast. It has been hit with a major structural shock. As you indicated, growth in the second quarter was negative. The economy contracted 1.6%. That was largely as a result of a big drop in exports to the United States.
We think growth in the second half of the year—we're in November now, so a lot of that has already happened, but we don't have all the data yet—is going to be pretty modest at 0.5% for Q3 and 1% for Q4. That's really because, to get back to Mr. Garon's question, consumption growth is holding up and that's supporting growth, but exports and business investment remain weak. As you get into next year, we think there will be some recovery in exports and business investment, so growth will pick up.
Even in 2027, 1.6% growth is not particularly strong.