Financial

Post

–

Canada

Could

Face

Two

More

Decades

of

Stagnant

Growth,

Report

Warns

By Pamela Heaven

May 28, 2024

Excerpt from article:

There has been a lot of talk lately about Canada’s dismal growth, but now a new report warns that we could be stuck in it for another two decades.

The study from Canadian financial firm Omnigence warns that Canada is headed for a “protracted bout of stagflation” in which the country will continue to suffer low growth and higher inflation.

“It seems plausible that Canada will continue to experience stagnant real GDP/capita over the next two decades as the issues … are resolved before returning to the more historically typical growth trajectory,” said the report led by Omnigence director Stephen Johnston.

Full article here