Different from a typical recession
Posted: Mon Oct 06, 2008 8:54 pm
Похоже, южный сосед нас немного потянет за собой, однако... Возможно, придется brace ourselves. По прогнозам, на годик, до конца 2009. Придется видимо рыбачить фулл-тайм

Economists from Canada’s Big Five banks expect little or no growth in the near future, warning Monday that the domestic economy’s current gloom will deepen into something worse than a recession.
The word “recession” wouldn’t describe the deep structural problems affecting everything from the U.S. housing sector to the Canadian oil industry, said Bank of Nova Scotia chief economist Warren Jestin.
“You have to invent a new word to describe what we’re in now,” he said after the banks presented their perspectives at the Economic Club.
“It’s being driven through the financial markets into the real economy. All of those things suggest that it’s entirely different than what you might expect from a typical recession.”
...
The cautious outlook was echoed by Don Drummond of TD Bank, who said the Canadian economy won’t see any growth until late 2009.
...
http://www.torontosun.com/money/2008/10/06/6996341.html