Description - Canada by Organisation for Economic Co-operation and Development
Canada's economic growth has been fairly solid and in any case higher than in most other OECD countries since the trough of the recession. Non-commodity exports have been weak, widening the current account deficit and depressing business sentiment. About one half of the deterioration in the employment and unemployment rates caused by therecession has been reversed. Growth is projected to strengthen and to rebalance towards exports and investment. Monetary policy remains highly accommodative, supporting activity and probably pushing up house prices. Economic slack should be absorbed by mid-2015, contributing to an expected increase in underlying consumer price inflation to near 2%, the Bank of Canada's target-range midpoint. Skills shortages in certain fields and regions could limit growth going forward. University-degree earnings premiums have increased in some professions and realearnings have risen more in the oil-rich provinces than elsewhere. Fiscal sustainability continues to improve.
Managing non-renewable resources in an era of high commodity prices has created wide regional economic disparities, while much of the public revenues from non-renewable resource extraction are spent on current government programmes, rather than being saved for the benefit of future generations.
Buy Canada by Organisation for Economic Co-operation and Development from Australia's Online Independent Bookstore, BooksDirect.
Other Editions - Canada by Organisation for Economic Co-operation and Development
A Preview for this title is currently not available.
Checking availability...