As I argued when the second quarter GDP numbers confirmed the recession, the big issue is not whether GDP growth is slightly positive or slightly negative. The big issue is why it has been so close to zero in the first place. The July GDP numbers do not change that analysis. And they do not change the empirical fact that the Harper government's
overall economic record — even before this year's downturn — is uniquely weak, on both historical and international criteria.
Not exact matches
Despite the recent softness in data — the Citi
economic surprise index for the eurozone is now at its lowest since June 2012 — markets remain stubbornly bullish on the euro with
overall bets still near
record highs as longer - term expectations remain optimistic.
While Twitter's debut likely helped send shares of Facebook Inc. down, the
overall tech industry also took a hit as the markets pulled back from
record levels on worries that the Federal Reserve could soon start curtailing its
economic stimulus program.
In spite of
record low interest rates over the past 20 years,
overall economic expansion has been lackluster at best.
Comments from respondents include: «Business is picking up» and «
Overall level of
economic activity is driving our business volumes to
record levels.»