shockedcanadian
Diamond Member
- Aug 6, 2012
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Police states cannot compete and innovate in the new globally competitive market.
financialpost.com
Given the big increase in our debt, many observers believed Canada’s economy would fare better than others. Unfortunately, the data do not bear that out. As noted in a new study published by the Fraser Institute, in 2020 and 2021 Canada underperformed relative to our peers in both economic growth and unemployment.
For the overall economy, Canada ranked 21st out of 33 countries, averaging negative 0.3 per cent GDP growth (inflation-adjusted) in 2020 and 2021. In other words, nearly two-thirds of our peer group —including the United States and Australia — fared better than Canada. Ireland, which actually reduced its gross debt-to-GDP ratio between 2019 and 2021, led the 33 countries in inflation-adjusted GDP growt
Opinion: Canadaâs economy: over-indebted and underperforming
Despite leading in debt accumulation, Canada lagged behind a majority of peers on key economic indicators
financialpost.com
Given the big increase in our debt, many observers believed Canada’s economy would fare better than others. Unfortunately, the data do not bear that out. As noted in a new study published by the Fraser Institute, in 2020 and 2021 Canada underperformed relative to our peers in both economic growth and unemployment.
For the overall economy, Canada ranked 21st out of 33 countries, averaging negative 0.3 per cent GDP growth (inflation-adjusted) in 2020 and 2021. In other words, nearly two-thirds of our peer group —including the United States and Australia — fared better than Canada. Ireland, which actually reduced its gross debt-to-GDP ratio between 2019 and 2021, led the 33 countries in inflation-adjusted GDP growt
