Central bank lowers its economic growth forecast for 2008
Revised forecasts expects lower Canadian GDP growth
No need for fiscal stimulus at this time
Interest rates to continue falling
Following years of struggle, profits and dividend payouts are rising
India, South Korea, Singapore and others have seen a surge in economic activity
Clouds on the horizon include a slowdown in the U.S. economy and the global credit crunch
Companies are realizing the benefits of restructuring, such as outsourcing to emerging economies
China is adjusting to U.S. slowdown by increasing its exports to Europe and other Asian countries
Factors such as consumer spending, value of US$ will continue to determine economy’s direction