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Housing crisis, legislation, urban planning  on April 19, 2023


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Canada's economic growth slowdown: The case for a new ... - The Macdonald-Laurier Institute

Slowing global economic growth has become one of the most important economic issues in the early 21st century. GDP per capita in advanced economies, amidst slowing productivity growth, has been growing at a much slower clip compared to growth rates in the 20th century. What’s worse: Canada and many Western European countries have been laggards with little to no GDP per capita growth over the past 10 years since the global financial crisis. Now, as of 2021, GDP per capital level in Canada (around US$50,000) is about 40 percent lower of what it is in the US (around US$70,000) (Figure 1).

macdonaldlaurier.ca     Apr 19, 2023