Like this article? rabble is reader-supported journalism. Chip in to keep stories like these coming.
Most of the world economy (including Canada's) has performed sluggishly since the Global Financial Crisis of 2008-09. And many economic and fiscal projections now accept this pattern of slow growth as more or less inevitable, as a "new normal." This argument is typically invoked to justify a ratcheting down of expectations regarding job prospects, incomes and public services.