Quote:
Originally Posted by esquire
I'd wager that just about every man, woman and child in the country would feel it if Canada's GDP suddenly shrank by 12%. That would be ugly.
At its worst Greece's GDP shrank by 9% and look at the shit show that happened there.
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The recession of the early '90s caused a drop in GDP of, what, 2-4%?
I do not remember it being a particularly happy time.
Unemployment up near the 10% range, governments hacking budgets, debt ratings downgrades, Quebec thinking of bailing out.
I mean, I'm glad our Quebec and Alberta members are willing to kneecap the other as it wouldn't be Canada otherwise, but I'm relieved that saner voices prevail in our national discourse.