Yesterday, Finance Minister Jim Flaherty announced (too abruptly for some, mostly the finance ministers of provinces east of Saskatchewan) that the rate of annual increases of the federal-provincial social and health transfer will continue to be 6 per cent per year until 2016 and then, from that point until 2024, it will increase at the rate of inflation plus the rate of the growth of the economy, something economists call nominal Gross Domestic Product or nominal GDP.
So: Who’s got some predictions for nominal GDP going out 12 years? Continue reading David Dodge's predictions for nominal GDP growth