Tuesday, 29 September 2009

Still sinking

Official figures show that the economy grew by 0.6% in the second quarter, - April-May 2009.

It may be better than it was, but it's still a matter of falling output and activity. Perhaps the long seen green shoots are still coming, but at the moment it looks more like moss.

All the forecasts are for a long slow recovery, so expect unemployment figures to grow until at least the third quarter of next year. Can Gord delay the election?

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