Economists with Canada’s largest banks feel there is little likelihood of the events in Japan triggering a return to recession for Canada or the global economy as a whole.
“Obviously horrible things have happened (in Japan) that will take some of the growth out of the economy for the next two quarters,” said Glen Hodgson, chief economist at the Conference Board of Canada. “Then people need to rebuild infrastructure, rail and housing and that will actually improve growth in the next four to six quarters.”
Source: The Canadian Press
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