Canadian Government Spending Now 80% of GDP Growth
Canadian Government Spending Now 80% of GDP Growth
Canada’s economy is expanding, but the details are worth reviewing before getting too excited. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) grew more than expected in Q2 2024. A dive into the details shows productivity further eroded on a per capita basis, while househol...
Public spending playing a large role in the economy is not a bad thing. That is unless you haven't got off the neoliberal mental train. The real results are what's important. When the private sector clutches its pearls instead of investing, the government has to fill the gap. If they don't we end up in a bad crisis. It's good to see that the two of the three major parties know this.
Yeah if we spend half as much but get only 1/4 as much done that's not a success.
Spending 50% more to initiatives that inflate the value of real estate as our GDP is not good either.
Then fucking force companies to reinvest then. Tax the shit out of profits unless it is reinvested back into the economy through their employees and any other mean.
Corpos are quick to suckle at the government tit for subventions that they don't need, but when comes the time to give back to their community, crickets.
The fact that real per capita gdp growth is no longer declining is a huge win in my opinion.
Agreed. That said, I think we're in for a rough ride for a long time till we dig ouesel out of the housing crisis. It currently sinks a lot of the economic output. That is people paying for housing instead of other, productive things.
GDP up, mostly government spending, per capital gdp and productivity is down. Would this affect a BoC rate decrease?
Other news articles are saying that everyone is predicting more rate cuts.
Personally, I think inflation is still higher than the government officially reports, the BoC shouldn't be cutting yet.
It is difficult to hear how much is spent and how much regular people still struggle. I have little hope.
How much is spent is part of the reason people are struggling, our currency is being devalued