How Does the Current Economic Downturn Compare to Previous Recessions?
4 Articles
4 Articles
How Does the Current Economic Downturn Compare to Previous Recessions?
News Analysis While some economists view the current economic slowdown as mild compared with past recessions, they warn that stagnant per capita GDP and rising debt have left Canada in a weaker position to weather deteriorating economic conditions. Statistics Canada reported that Canada’s GDP shrank for two straight quarters on an annualized basis as of last month, meeting the common definition of a technical recession. However, many economists …
The word "recession" is on all lips this week. Recent economic data paint a mixed picture of the Canadian economy, and some interpretations suggest a recession. Here's what we need to know about Canada's current economic situation.
Is Canada in recession? Two consecutive semesters of decline in real GDP suggest this, even if the country's central bank tempers this prognosis.In a context of tensions with the United States, by far their largest trading partner, Canadians feel the effects of a standstill economy.
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