Generous government spending to bolster Canadian economic growth in 2010
"The recession had a strong and painful effect on Canada's economy, but the darkest days appear to be in the past," said
Canada's real gross domestic product is expected to decline by 2.1 per cent in 2009. If, as the Conference Board assumes, growth resumed in the third quarter this year, the recession would have lasted three quarters. This would make the 2008-09 recession similar to the 1990-91 downturn and less severe than the 1981-82 recession.
Private sector capital investment, which is expected to fall by a whopping 13.7 per cent in 2009, is forecast to grow by less than one per cent next year. In contrast, double-digit growth in public infrastructure spending is expected in both 2009 and 2010.
Infrastructure spending levels are forecast to surpass
For further information: Brent Dowdall, Media Relations, Tel.: (613) 526-3090 ext. 448, E-mail: [email protected]
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