We in Canada have not had a recession, but keep trying, so far we have heard 9-11, recession, I say toss in the last 5 for recessions for good measure. Sorry. A contraction if you consider going from a +4 to +1 percent GNP growth rate in two years. Enough of a contraction (plus losing $ exchange rates) to put a lot out of business. Typically, the better survive, and the worse do not.
Sorry. A contraction if you consider going from a +4 to +1 percent GNP growth rate in two years. Enough of a contraction (plus losing $ exchange rates) to put a lot out of business. Typically, the better survive, and the worse do not.Sorry to tell you, even the professionals can't understand why we are not in recession, we have 2.5% inflation, in a recession, inflation goes down.