Canada column published on Sunday, Oct. 23/11
THE CANADIAN REPORT
(c) By Jim Fox
Canada remains on track to avoid a double-dip recession but quality of life isn’t keeping up with the pace of economic growth, two studies have found.
The Conference Board of Canada, an independent research organization, said while averting another recession, economic recovery will be slow but steady.
The real gross domestic product will be a slim 2.1 percent this year and grow to 2.4 percent next year, putting the recovery on a stronger footing than most other developed countries.
Major concerns are a “sluggish outlook for the United States” that’s not good news for trading partner Canada and an uncertain debt situation in Europe, board director Pedro Antunes said.