Issue #11

November 5th, 2020

TESTING Economic Resilience – Episode #1

https://youtu.be/8SMsYmr3kGQ

The economic downturn is global. What are the prospects for recovery?

Fall 2020

Government’s worldwide are struggling to contain the social and economic impact of Covid-19.  What is your jurisdiction doing? What is the prospect for a rapid recovery? Alberta is a case in point.  In this issue we are presenting:

• Episode #1. The 2020 Test of Alberta’s Economic Resilience HERE

Our October sentiment survey’s findings are being released in 5 episodes. The 1st Episode highlights the overall status of Alberta’s economic diversification/ resilience and the factors influencing your sentiment. Weekly Episodes #2 and #3 address resilience by Location and Sector. The concluding Episodes #4 and #5 include an assessment of the effectiveness of Alberta’s Innovation Ecosystem and summary Recommendations.

• The Alberta Government’s plan for Recovery released June 2020 HERE

The Alberta Government’s recovery plan addresses “…the triple threat of the largest public health crisis in a century, the biggest global economic contraction since the 1930s, and an unprecedented collapse in energy prices.” The Plan includes what the Alberta Government proposes for “…building, diversifying, and most importantly creating jobs.”

When is Enough Enough?

• Recovery will come at a cost  HERE

Mark Anielski has provided us with an analysis of the last half-century of Federal Government’s interest payments identifying the staggering 29% increase in spending to address the Covid-19 crisis and the trillions – yes, $trillions of interest paid. Draw your own conclusions.  The nation’s resources are at the disposal of governments with spending governed by taxpayer representatives. “When is enough enough?”