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A comment on Germany set to eclipse Japan as No. 3 economy in 2023, IMF says. Parent comment

Re:Germany set to eclipse Japan as No. 3 economy in 2023, IM... by DoughnutHole on Thursday October 26, 2023 @05:00PM (#38031638)
Canada’s situation is nothing like Japan’s.

Canada’s economy has tripled in size since 1995. Japan’s economy is smaller than it was in 1995.

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Re:Germany set to eclipse Japan as No. 3 economy in 2023, IM... by vkou on Thursday October 26, 2023 @05:36PM (#38032002)
Canada's signed two Faustian bargains - one with the resource extraction economy, and one with the real estate sector.

Neither one is long-term sustainable. Eventually, the oil will be dug out of the ground, and eventually, it won't be able to endlessly generate paper value by trading rat-infested outhouses in Vancouver back-and-forth for 5 million/pop.

It has other exports[1], but they aren't the engine of Canadian economic growth.

[1] (Insert lame joke about how its biggest export is SWEs to the United States.)

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