Monday, May 11, 2009

Stephen Harper, kickass economist

Stephen "I'm a real life economist" Harper:

Striking a positive tone in his first major address since the economic crisis hit, Harper said Canada is well-positioned to "catch the wave" of economic recovery.

"Canada was the last advanced country to fall into this recession. We will make sure its effects here are the least severe, and we will come out of this faster than anyone, and stronger than ever," the Prime Minister said yesterday.

Real economists that do this for a living and don't suck at it:
An international think-tank says the first tentative indicators of a rebound in the global recession are appearing in some countries, although Canada is not among them.

The Organization for Economic Development and Co-operation says its index of composite leading indicators for March shows China is already showing signs of a pause in the severe economic slowdown.

As well, the United Kingdom, Italy and France are showing tentative signs of having hit the bottom of the slide.

But other developed countries, including Canada, continue to deteriorate, the OECD says, although the pace of deterioration is decreasing.

The index for Canada was 0.4 points lower in March and was 10.2 points lower than a year ago, below the average for OECD economies.

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1 comment:

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