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Scénario alternatif
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After Iraq invaded Kuwait in August 1990, Canadian consumer confidence slid steeply, and oil prices soared. Much like at the end of 2003 economy was suffering from slow growth and a slump in investment, although interest rates were more than twice today's levels, and oil consumption was a larger share of GDP. The Gulf crisis helped to push an already weak economy into recession. Government spending, on the other hand, typically shoots up in wartime.
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Paper Information
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Title: Scénario alternatif
Words: 322
Rating: None
Pages: 1.3
submitted by: Chornoguy
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