Toronto Sun: Canada's economic growth dead last

April 3, 2022
Jasmine Kan

[EXCERPT]

Highlighted recently by the Business Council of B.C., the report by the Organization for Economic Co-operation and Development paints a dismal picture of Canada’s real GDP growth per capita up to 2060, largely because of weak labour productivity.

Productivity is driven by businesses investing in new technologies, making work more efficient, thus increasing economic output, a key driver of living standards for Canadians.

David Williams, vice-president of policy at the B.C. Business Council, wrote recently that the OECD report predicts Canada’s real GDP growth per capita from 2020-30 will be just 0.7% annually, dead last among the 38 comparable nations of the OECD.

It doesn’t get much better after that, with the OECD pegging Canada’s growth per capita from 2030-60 at 0.8% annually, again last among OECD members.

Full Article.

Become A BCBC Member

LEARN ABOUT MEMBERSHIP
BACK TO TOP    

ADDRESS

Business Council of British Columbia
1050 West Pender Street, Suite 960
Vancouver BC V6E 3S7

CONTACT INFORMATION

Telephone: 604-684-3384
Media Contact: 604-684-3384
Email: info@bcbc.com

© 2023 Business Council of BC. All rights Reserved.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram