Two very different pictures are painted in a side-by-side comparison of economic growth in the United States and Canada when it comes to household debt as a ratio to disposable income.
Tag Archives economic growth
Analyst highlights U.S. economy’s fragile side
Country’s booming economy is driven by consumer spending, but that has been propped up by the top 20 per cent most wealthy
Consumer debt hampers growth: EDC
SASKATOON — Canada’s economic growth will remain constrained in 2024, according to Export Development Canada. Gross Domestic Product is expected to expand by a paltry 0.9 percent. Sizeable debt-servicing requirements have forced the Canadian consumer to focus on saving over spending. Related stories: “We see an extremely weak consumer, a heavily indebted consumer here in […] Read more
Analysts expect sluggish economic growth as GDP slows
Consumer spending to take a hit as governments shut the taps on stimulus money and interest rates continue to increase
Canadians should prepare for slow economic growth, continued high interest rates and an exchange rate close to today’s level through 2024, says Export Development Canada. “I really want to emphasize that we’re not looking at a recession,” said Ross Prusakowski, director of EDC’s Economic and Political Intelligence Centre. “But we are seeing a slower period […] Read more
