Chart 1 Canadian and US real GDP, 2007-2011
Source(s): Statistics Canada and U.S. Bureau of Economic Analysis
Editor’s Note: This post was inspired by a note from a friend of and frequent contributor to this site, which has since been posted as a letter to the editor of the Globe and Mail’s Report on Business.
With the Canadian general election campaign in full-swing amid incessant ‘technical recession’ chatter, it should come as no surprise to once again see finger-pointing at the (current/outgoing?) government’s performance during the Great Recession.
A recent Globe and Mail op-ed attempted to do just that. Unfortunately, it was riddled with factual errors and otherwise muddled whatever criticism it intended to parry.