Carney sees "muted" 3.8% recovery in 2010

In testimony before parliament earlier this week, Mark Carney, the governor of the Bank of Canada, described the Bank's expectation of a 3.8% recovery in real GDP growth in 2010 as "muted".

Carney told the Standing Committee on Finance of the Canadian House of Commons that "the speed and synchronised nature of the recent global downturn has resulted in a heightened degree of uncertainty, which is evident in the diverse views on the outlook [for the global economy]".

"What began last autumn as a

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