Notwithstanding a recent uptick in economic growth, Ontario has been mired in a long-term economic slump that has lasted more than a decade.
In fact, inflation-adjusted economic growth per person averaged an anemic 0.4% annually between 2003 and 2014.
A glance across our border at the manufacturing sector of neighbouring Michigan shows economic decline is not an inevitable outcome for manufacturing jurisdictions in affluent countries.
No comments:
Post a Comment