Root causes of the recession will plague U.S. economy for a long time
Threat is higher for the U.S. than for Canada
Rate of decline in economic activity is expected to moderate
Stability in the U.S. housing market seen as key to recovery in financial markets
Risks of an even gloomier scenario outweigh the possibility of a quicker recovery
The World Trade Organization is forecasting a 9% drop in global trade this year as economies contract worldwide.The collapse in global demand brought on by the biggest economic downturn in decades will drive exports down by roughly 9% in volume terms in 2009, WTO economists forecast today, noting that this represents the biggest such contraction […]
Fear over banks holds back equity recovery
Sluggish rebound forecast for 2010
Loss of momentum across goods- and service-producing industries
Collapse in international activity has materially weakened Canada’s growth profile