Canadian economy enters recession

septiembre 7, 2015 3:26 pm Publicado por 781 Comentarios

PMC Asset Management Corp

 

The Canadian economy entered recession for the second time in the last six years, announced the Institute of Statistics Canada (EC).

In the second quarter Gross Domestic Product (GDP) of the country product contracted 0.1 percent after falling 0.2 percent in the first three months, according to experts indicates when an economy enters recessive process.
The Canadian recession represents a sharp drop in spending and business investment in the second quarter in the oil sector, gas and mining, as well as a slow progress in manufacturing, construction and utilities.

The government of Canadian Prime Minister Stephen Harper, does not recognize that the economy is in recession crisis not to affect its image towards the general elections on October 19.

Harper ruling conservatives develop their campaign with praise for its ability to strengthen the economy but since coming to power all their overall budgets were in deficit and poor economic performance this year anticipate negative figures.

Fuente:http://panamaon.com/

Ernesto Chong de León, Ernesto Emilio Chong Coronado

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