Tag Archives: G-7
Military Spending in the G7: A Quick Post NATO Summit Comparison
Well, the Disruptor-in-Chief, US President Donald Trump is at it again. At today’s NATO summit he demanded that the members of NATO need to quickly increase their defence spending not only to meet the committed target of 2 percent of GDP but to also double their commitments to 4 percent of GDP. Needless to say, […]
International Employment Update: U.S. Resilience and Australian Exceptionalism
I thought it was time for an updated look at employment creation in the advanced economies given that we are now at just over five years since the 2008-09 Great Recession that walloped world economies. I’ve taken the IMF World Economic Outlook Database employment numbers for the period 2007 to 2013 to get employment levels […]
Canadian Macro Performance: Better than the G-7 but…
We are of course quite used to repeated claims that Canada has outperformed all other G-7 countries in job creation and GDP growth during the recovery from the 2009 recession. Our better fiscal performance is also trotted out especially with respect to the net debt to GDP ratio. However, if instead of the G-7, we […]
One of These Countries is Not Like the Others
Given that the Finance Minister is presenting the Federal Fiscal Update today in Fredericton, it is instructive to review some fiscal comparisons right out of the release of the 2012 Federal Fiscal Reference Tables (which in turn used the OECD Economic Outlook May 2012 numbers for the international comparison). Figure 1 plots the ratio of […]
Ranking Employment Performance
It has been the conventional wisdom in Canada that we have weathered the Great Recession and the financial crisis much better than the rest of the world. Ever wonder why when government comparisons are made about how Canada fared during the Great Recession, the comparison made is inevitably with the G-7 countries?
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