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Canadians $4.2K poorer on average than trend implied as population growth outpaces GDP: StatCan (www.kamloopsbcnow.com)

submitted 1 year ago* (last edited 1 year ago) by lautan@lemmy.ca to c/canada@lemmy.ca

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[–] villasv@lemmy.ca 3 points 1 year ago* (last edited 1 year ago)

What a braindead headline to just say that the GDP per capita did not meet a projection based on the 10y average

The report highlights that Canada’s real GDP grew 1.1 per cent in 2023, the slowest pace – excluding the COVID-19-related shock in 2020 – since 2016.

Which is not great but not devastating news anyway? Kind of expected for an economy that barely went by without a major recession and is still struggling with high inflation.