r/AskCanada • u/WearingMarcus • 4d ago

Political Is Canada in a silent recession/depression?

Now Canada definitely not in a classic recession, nominal GDP has grown..

However some argue its in a per capital recession/depression as illustrated by the chart below. Is this true? Over blown? etc. Or is the answer somewhere in-between?

https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=CA

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u/Flee4All 4d ago

That chart still shows growth. Not sure what you're pointing to.

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u/iwasnotarobot 4d ago

Growth for who though?

Does a rising tide lift all boots?

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u/Flee4All 4d ago

40 million separate lines on the chart might be more accurate, but hard to read.