Real Estate Makes Canadian GDP Look Like It is Recovering Much Faster Than Reality
The Canadian economy is recovering much faster than expected… just not in a healthy way. Canadian real gross domestic product (GDP) is down less than two points in Q4 2020. Digging into the numbers, we see the headline is better due to households doubling down on real estate mania. When housing is stripped from GDP, the drop becomes twice as large. Housing investment is managing to pick up spending from other parts of the economy.
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Stephen Punwasi
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/real-estate-makes-canadian-gdp-look-like-its-recovering-much-faster-than-reality/