Thursday, November 18, 2010

Downsized Rundown [DR]: Who gets the credit?


I'll be holding Downsized Rundowns, which are shorter and easier to read snippets on the current economic climate, with more focus on thought-provoking and discussion where applicable. It's just to keep people updated. Today's focus and Downsized Rundown, ironically, is a report by the Organization for Economic Co-operation and Development, which reported that Canada's growth will grow up to 2.3 percent next year and 3 percent by 2012. In other words, there's a projection for growth, and considering that it's happening under Harper's administration, you can bet that it'll be significant election fodder in the future.

This is interesting, considering that only in 2009 that there were talks with Chrysler on downsizing and cutting down the costs of the Canadian plants and wages to remain afloat. Now, a year later, there's a very good report from a generally neutral and objective source, from the Organization for Economic Co-operation and Development, telling us that we're doing something right.

What are your thoughts on this? Do you think this growth will hold? Is this a result of the regulations on the banking sector? Do you think Harper's administration may use this as future economic electoral cannonfire to return to power? What are your thoughts?

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