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Canada

Author

Listed:
  • Madalina Boureanu

Abstract

Despite the Eurozone sovereign debt crisis and of the uncertainty regarding the development of the world economy, the Canadian economy has improved its performances constantly. The Canadian economy has continued the positive evolution in 2011 with the support of the productive investment and the private consumption, which were boosted by the favorable conditions in the credits market, both for the business environment and the population. This also led to an increasing of the population’s debt, which reached record levels (over 150% from the disposable income at the end of 2011). This situation was generated by maintaining a low interest rate and by the high prices of housing. However, the American economy revival from the second half of the year stimulated the demand for Canadian products, the energy and auto exports increasing their contribution to the Canadian GDP growth. Canada’s economic performances were more powerful than those of other developed countries. As a result, during the recession, Canada ranked first among the G-7 countries in terms of employment.

Suggested Citation

  • Madalina Boureanu, 2012. "Canada," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2012:id:2822000009568007
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