What comes after The Great Recession?
Filed Under Main Content · Tagged: Address, Concerted Effort, Demons, Determinant, Fiscal Balance, Long Time, Productivity Growth, Prospects, Public Spending, Recession, Shame, Standard Of Living, Timely Return, Toronto Ont Canada, United States
Financial Post, Toronto, Ont – Canada cannot count on an automatic economic lift from the United States. Lower growth there will depress our prospects. We will need to address our own economic demons. Public spending growth will have to be reined in to ensure a timely return to fiscal balance. And a concerted effort will be needed to address the greatest Canadian economic shame — our anemic productivity growth. That’s because productivity growth is the key determinant of the standard of living and ours has been performing badly for a long time…
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