Friday, August 30, 2013

Summer Is Almost Over

..and poli-talk turns from the wan mellow of good ganja  to the economy, which ended Q2 with an enormous thud:

On a monthly basis, real GDP by industry declined 0.5% in June.

Work it out and that means less than two per cent growth for the year as a whole.  Mind you, one bad month does not a downturn make.  But it looks like the negative effects of Alberta's floods will be showing up in GDP reports still to come, and even afterwards there's nothing to suggest that growth into 2014 and even 2015 will be anything but anemic.  If the Harper Tories want to make this their focus, then the opposition should encourage them.

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