{"id":9934,"date":"2015-07-11T06:58:58","date_gmt":"2015-07-11T11:58:58","guid":{"rendered":"http:\/\/olduvai.ca\/?p=9934"},"modified":"2015-07-11T06:58:58","modified_gmt":"2015-07-11T11:58:58","slug":"canadas-technical-recession-contained-says-former-pbo-kevin-page","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=9934","title":{"rendered":"Canada’s technical recession ‘contained,’ says former PBO Kevin Page"},"content":{"rendered":"
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Canada’s technical recession ‘contained,’ says former PBO Kevin Page<\/a><\/h3>\n<\/div>\n

Ex-parliamentary budget officer says there is ‘still lots of growth in the service sector’<\/strong><\/p>\n

Although Canada is in a likely technical recession\u00a0\u2014 defined as two consecutive quarters of negative growth\u00a0\u2014\u00a0it’s a recession\u00a0that is contained, says former budget watchdog Kevin Page.<\/p>\n

“In the current context, if you look at the growth numbers, the recession is effectively in the goods sector, it’s in the oil industry, it’s weak growth in manufacturing, weak growth in construction,” said Page in an interview on CBC Radio’s\u00a0The House<\/em>.<\/p>\n

“It’s quite contained. There’s still lots of growth in the service sector.”<\/p>\n