Canada is slowly emerging from the global recession, with both the economy and employment marking some signs of growth towards the end of 2009. But the economic recovery is expected to be slow and bumpy in the years ahead. Ongoing public stimulus spending will be needed to for the economy to keep growing.
The December 2009 issue of the Economic Climate for Bargaining includes an article arguing that we need major structural changes to our economy to move forward and that the same business-as-usual policies won’t deliver sustainable growth. The facts on deficits and debts, explains that Canada is in by far the best fiscal situation of all G7 countries and deficits and debts shouldn’t be used as an excuse to cut public services. It also includes a summary of recent forecasts of major economic indicators for Canada and the provinces and an analysis of recent employment, inflation and wage trends.