Quick action on economic stimulus has helped to prevent Canada’s economy from getting much worse, but with households still highly in debt, the recovery will be slow and rocky. Governments need to continue to play a leading role in stimulating the economy. Public investments—and especially those in social infrastructure—provide the best “bang for the buck” in terms of economic stimulus.
The June 2009 issue of CUPE’s Economic Climate for Bargaining also includes: a discussion of prospects for economic recovery; recent forecasts of major economic indicators for Canada and the provinces; a summary of a recent major report on the benefits of public services; an explanation of how stronger public pensions are needed to address the pension crisis; and an analysis of recent employment, inflation and wage trends.
