immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Gross Domestic Product

: In interviews, many economists said they expect the gloomy trend, despite a jump to 2.4 per cent last year, to continue, according to Globe and Mail. They see the low-growth run – no matter who is in power in Ottawa – extending for another five or 10 years. Gross domestic product grew at an average of only 1.9 per cent a year. If they are right we could be in the midst of the longest stretch of economic lethargy this country has ever endured. But with a federal budget set to be delivered next week, no one seems too jacked up about it. This is a catch-all ASF view; only displays when an unsupported article type is put in an ASF drop zone Unless some unforeseen remedy appears, jobs will be harder to find, living standards will languish, Canada will lose global standing. (www.immigrantscanada.com). As reported in the news.