World
growth will remain low on
average but
negative in the UK and Europe; price inflation will remain sufficiently subdued for a while longer so as to impose no constraint on monetary expansion; central banks will sustain a regime of
negative real interest
rates and rapid monetary expansion; the risk of a eurozone collapse is off the table for now; finally, stock markets should continue to perform better than expected, even though the four - year old cyclical bull market is long by historical standards.
According to MoneySense's data manager Phil Froats, the big reasons why Bay Roberts, Williams Lake, B.C., Port Alberni, B.C. and the rest of the sad sack lot are at the bottom is because of high unemployment, low
average household income,
negative population
growth rates, a dismal culture industry and, for the most part, high crime.