A recession is a temporary period of time when the overall economy declines; it is an expected part of the business cycle. This period usually includes declines in industrial and agricultural production, trade, incomes, stock markets, consumer spending, and levels of employment. In purely technical …
So use the data for deficit/GDP and Debt/GDP, then plot also data from unemployment and inflation (general, don’t use unemployment by province, or gender or age). Comments on those.
OK so government spending is quantified in terms on what the government spent it on. Current account means day to day expenses to run the government (wages, heating, pencils …). The Capital spending is roads, bridges, etc. Things will lives beyong a year, true investment in our infrastructure. If you look at Stats Can, you will see under fiscal expenditures references to current and capital spending. Comment on what you see.
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