The global economic lockdown implemented to contain the Covid-19 virus has caused the most severe economic downturn in Canada since the Great Depression in the 1930s. The cumulative output loss could easily amount to 15 percent of GDP by 2023 and could continue to grow for years thereafter. So far, the government policy response has, […]

Global economies have been heavily impacted in the wake of Covid-19. The coronavirus has created dramatic negative impacts on global growth and trade. The government response to restrict large components of the economy to safeguard public health resulted in massive job loss, reduced tax revenues, diminished consumer confidence, and increased public debt. As a result, […]

Sustained rapid economic growth following the Second World War meant that it was expected that successive generations of Canadians would achieve a higher standard of living that the previous one. It is a reflection of how ingrained pessimism about economic growth has become among both young and old  that they have come to believe that […]

As St. Petersburg prepares to host the leaders of the world’s most important economies at the annual G20 summit, financial headlines are full of worry about the “rout” in emerging markets and the emerging markets bubble popping.  The optimism of 2009 and 2010 that growth in developing countries would make up for sluggish prospects in […]