Quote:
Originally Posted by sailor734
That graph perfectly sums up the results of 10 years of government decision making driven by "sunny ways" and ultra progressive idealism as opposed to prudent, reality based economic policy.
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I'm genuinely curious to see if the population realignment we're seeing right now shifts these per-capita numbers up. There's no question our economic growth has been sluggish, but we have also grown our population something like five times faster than the OECD average, mostly with non-permanent workers and students, which has surely driven down per-capita GDP.
The population grew by 270,000 between Q4 2023 and Q1 2024. Between the same quarters a year later, it grew by only 64,000. That number will decline further this year, maybe even going negative as more non-permanent migrants leave. It'll be interesting to see what effect that has on GDP growth.
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