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Economic-Growth
Despite the fact that China’s economy continues to far outgrow all major Western economies the Western media is energetically promoting a myth of “peak China”—i.e. that China’s economy either has or is about to drastically slow down.
It is rare for the Bank of Canada to say that we face a national economic emergency. But that is exactly what Deputy Governor Carolyn Rogers did on March 26. She was referring to Canada’s dismal record on labour productivity, which is indeed a major, albeit long-standing issue. Her widely publicized speech put a sharper focus on very weak Canadian economic performance, especially relative to the US.
The Swiss investment bank expects the country’s oil sector to grow significantly in 2022.