In 1993, the unemployment rate stood at 11.2 per cent. It has fallen since then and is now below 9 per cent. While not satisfactory, the trend is clear. Consumer confidence has rebounded. The economic recovery is now supported by strong domestic demand.
Business confidence is at record levels.
Investment is surging. Stimulated by lower interest rates and renewed confidence, economic growth reached a level in excess of 3.5 per cent last year. This year, continued strength is projected. Mr. Speaker, we live in a volatile world. Clearly, the events in Asia will have an impact.