Canada could face two more decades of stagnant growth, report warns

[CdnFox]

Posthaste: Canada could face two more decades of stagnant growth, report warns (yahoo.com)

The study from Canadian financial firm Omnigence warns that Canada is headed for a “protracted bout of stagflation” in which the country will continue to suffer low growth and higher inflation.

“It seems plausible that Canada will continue to experience stagnant real GDP/capita over the next two decades as the issues … are resolved before returning to the more historically typical growth trajectory,” said the report led by Omnigence director Stephen Johnston.

Canada is expected to have the lowest real growth rate among countries in the Organisation for Economic Co-operation and Development over the next three years, but that doesn’t take into account its rapid rise in population, says the report.

When you look at GDP per capita — “the only metric that matters in the real world” — Johnston argues that Canada has been experiencing “early onset” stagflation for almost a decade.

Canada is also losing capital, with more leaving the country than is entering it on a yearly basis, he said. And productivity, another precursor to economic growth, has been lagging the United States since around 2014.

[CdnFox]

Every report seems to be worse than the last right now.  But they all say we're looking at decades to recover. 

What justin and jagmeet have done to this country is absolutely criminal. 

And for the 'tax the rich, the rich don't mind" crew - the rich are taking their money and effing off for the first time in our history. Investment money is actually leaving canada, it's slowed down before but now it's actully packing up and going. 

The kids are so effed. A 25 year old kid today cannot hope to have the quality of life they should have or that their parents had, and probably won't come close. 

 

Vote woke go broke.