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Letty Cottin Pogrebin wants Jews to own up to the corrosive power of shame
(JTA) — When a lawyer for Donald Trump asked E. Jean Carroll why she didn’t scream while allegedly being raped by Donald Trump, I thought of Letty Cottin Pogrebin. In her latest book, “Shanda: A Memoir of Shame and Secrecy,” she writes about being assaulted by a famous poet — and how the shadow of shame kept women like her silent about attacks on their own bodies.
That incident in 1962, she writes, was “fifty-eight years before the #MeToo movement provided the sisterhood and solidarity that made survivors of abuse and rape feel safe enough to tell their stories.”
Now 83, Pogrebin could have coasted with a memoir celebrating her six decades as a leading feminist: She co-founded Ms. magazine, its Foundation for Women and the National Women’s Political Caucus. She served as president of Americans for Peace Now and in 1982 blew the whistle on antisemitism in the feminist movement.
Instead, “Shanda” is about her immigrant Jewish family and the secrets they carried through their lives. First marriages that were kept hidden. An unacknowledged half-sister. Money problems and domestic abuse. An uncle banished for sharing family dirt in public.
“My mania around secrecy and shame was sparked in 1951 by the discovery that my parents had concealed from me the truth about their personal histories, and every member of my large extended family, on both sides, was in on it,” writes Pogrebin, now 83. “Their need to avoid scandal was so compelling that, once identified, it provided the lens through which I could see my family with fresh eyes, spotlight their fears, and, in so doing, illuminate my own.”
“Shanda” (the Yiddish word describes the kind of behavior that brings shame on an entire family or even a people) is also a portrait of immigrant New York Jews in the 20th century. As her father and mother father move up in the world and leave their Yiddish-speaking, Old World families behind for new lives in the Bronx and Queens, they stand in for a generation of Jews and new Americans “bent on saving face and determined to be, if not exemplary, at least impeccably respectable.”
Pogrebin and I spoke last week ahead of the Eight Over Eighty Gala on May 31, where she will be honored with a group that includes another Jewish feminist icon, the writer Erica Jong, and musician Eve Queler, who founded her own ensemble, the Opera Orchestra of New York, when she wasn’t being given chances to conduct in the male-dominated world of classical music. The gala is a fundraiser for the New Jewish Home, a healthcare nonprofit serving older New Yorkers.
Pogrebin and I spoke about shame and how it plays out in public and private, from rape accusations against a former president to her regrets over how she wrote about her own abortions to how the Bible justifies family trickery.
Our conversation was edited for length and clarity.
I found your book very moving because my parents’ generation, who like your family were middle-class Jews who grew up or lived in the New York metropolitan area, are also all gone now. Your book brought back to me that world of aunts and uncles and cousins, and kids like us who couldn’t imagine what kinds of secrets and traumas our parents and relatives were hiding. But you went back and asked all the questions that many of us are afraid to ask.
I can’t tell you how good writing it has been. I feel as though I have no weight on my back. And people who have read it gained such comfort from the normalization that happens when you read that others have been through what you’ve been through. And my family secrets are so varied — just one right after the other. The chameleon-like behavior of that generation — they became who they wanted to be through pretense or actual accomplishment.
In my mother’s case, pretense led the way. She went and got a studio photo that made it look like she graduated from high school when she didn’t. In the eighth grade, she went up to her uncle’s house in the north Bronx and had her dates pick her up there because of the shanda of where she lived on the Lower East Side with nine people in three rooms. She had to imagine herself the child of her uncle, who didn’t have an accent or had an accent but at least spoke English.
You describe yours as “an immigrant family torn between loyalty to their own kind and longing for American acceptance.”
There was the feeling that, “If only we could measure up, we would be real Americans.” My mother was a sewing machine operator who became a designer and figured out what American women wore when she came from rags and cardboard shoes, in steerage. So I admire them. As much as I was discomforted by the lies, I ended up having compassion for them.
It’s also a story of thwarted women, and all that lost potential of a generation in which few could contemplate a college degree or a career outside the home. Your mother worked for a time as a junior designer for Hattie Carnegie, a sort of Donna Karan of her day, but abandoned that after she met your dad and became, as you write, “Mrs. Jack Cottin.”
The powerlessness of women was complicated in the 1950s by the demands of the masculine Jewish ideal. So having a wife who didn’t work was proof that you were a man who could provide. As a result women sacrificed their own aspirations and passions. She protected her husband’s image by not pursuing her life outside the home. In a way my feminism is a positive, like a photograph, to the negative of my mother’s 1950s womanhood.
“I’m not an optimist. I call myself a ‘cockeyed strategist,” said Pogrebin, who has a home on the Upper West Side. (Mike Lovett)
You write that you “think of shame and secrecy as quintessentially Jewish issues.” What were the Jewish pressures that inspired your parents to tell so many stories that weren’t true?
Think about what we did. We hid behind our names. We changed our names. We sloughed off our accents. My mother learned to make My*T*Fine pudding instead of gefilte fish. Shame and secrecy have always been intrinsically Jewish to me, because of the “sha!” factor: At every supper party, there would be the moment when somebody would say, “Sha! We don’t talk about that!” So even though we talked about what felt like everything, there were things that couldn’t be touched: illness, the C-word [cancer]. If you wanted to make a shidduch [wedding match] with another family in the insular communities in which Jews lived, you couldn’t let it be known that there was cancer in the family, or mental illness.
While I was writing this memoir, I realized that the [Torah portion] I’m listening to one Shabbat morning is all about hiding. It is Jacob finding out that he didn’t marry Rachel, after all, but married somebody he didn’t love. All of the hiding that I took for granted in the Bible stories and I was raised on like mother’s milk was formative. They justified pretense, and they justified trickery. Rebecca lied to her husband and presented her younger son Jacob for the blessing because God told her, because it was for the greater good of the future the Jewish people.
I think Jews felt that same sort of way when it came to surviving. So we can get rid of our names. We wouldn’t have survived, whether we were hiding in a forest or behind a cabinet, a name or a passport, or [pushed into hiding] with [forced] conversions. Hiding was survival.
I was reading your book just as the E. Jean Carroll verdict came down, holding Donald Trump liable for sexually assaulting her during an encounter in the mid-’90s. You write how in 1962, when you were working as a book publicist, the hard-drinking Irish poet Brendan Behan (who died in 1964) tried to rape you in a hotel room and you didn’t report it. Like Carroll, you didn’t think that it was something that could be reported because the cost was too high.
Certainly in that era powerful men could get away with horrible behavior because of shanda reasons.
Carroll said in her court testimony, “It was shameful to go to the police.”
You know that it happened to so many others and nobody paid the price. The man’s reputation was intact and we kept our jobs because we sacrificed our dignity and our truth. I was in a career, and I really was supporting myself. I couldn’t afford to lose my job. I would have been pilloried for having gone to his hotel room, and nobody was there when he picked up an ashtray and threatened to break the window of the Chelsea Hotel unless I went up there with him.The cards were stacked against me.
In “Shanda,” you write about another kind of shame: The shame you now feel decades later about how you described the incident in your first book. You regret “how blithely I transformed an aggravated assault by a powerful man into a ‘sticky sexual encounter.’”
I wrote about the incident in such offhand terms, and wonder why. I wrote, basically, “Okay, girls, you’re gonna have to put up with this, but you’re gonna have to find your own magical sentence like I had with Behan” to get him to stop.
You write that you said, “You can’t do this to me! I’m a nice Jewish girl!” And that got him to back off.
Really painful.
I think that’s a powerful aspect of your book — how you look back at the ways you let down the movement or your family or friends and now regret. In 1991 you wrote a New York Times essay about an illegal abortion you had as a college senior in 1958, but not the second one you had only a few months later. While you were urging women to tell their stories of abortion, you note how a different shame kept you from telling the whole truth.
Jewish girls could be, you know, plain or ordinary, but they had to be smart, and I had been stupid. I could out myself as one of the many millions of women who had an abortion but not as a Jewish girl who made the same mistake [of getting pregnant] twice.
The book was written before the Supreme Court overturned Roe v. Wade. In the book you write powerfully about the shame, danger and loneliness among women when abortion was illegal, and now, after 50 years, it is happening again. Having been very much part of the generation of activists that saw Roe become the law of the land, how have you processed its demise?
Since the 1970s, we thought everything was happening in this proper linear way. We got legislation passed, we had litigation and we won, and we saw the percentage of women’s participation in the workplace all across professions and trades and everything else rise and rise. And then Ronald Reagan was elected and then there was the Moral Majority and then it was the Hyde Amendment [barring the use of federal funds to pay for abortion]. I was sideswiped because I think I was naive enough to imagine that once we articulated what feminism was driving at and why women’s rights were important, and how the economic reality of families and discrimination against women weren’t just women’s issues, people would internalize it and understand it and justice would be done.
In the case of Roe, we could not imagine that rights could ever be taken away. We didn’t do something that we should have done, which is to have outed ourselves in a big way. It’s not enough that abortion was legal. We allowed it to remain stigmatized. We allowed the right wing to create their own valence around it. That negated solidarity. If we had talked about abortion as healthcare, if we had had our stories published and created organizations around remembering what it was like and people telling their stories about when abortion was illegal and dangerous…. Instead we allowed the religious right to prioritize [fetal] cells over a woman’s life. We just were not truthful with each other, so we didn’t create solidarity.
Are you heartened by the backlash against restrictive new laws in red states or optimistic that the next wave of activism can reclaim the right to abortion?
I’m not an optimist. I call myself a “cockeyed strategist.” If you look at my long resume, it is all about organizing: Ms. magazine, feminist organizations, women’s foundations, Black-Jewish dialogues, Torah study groups and Palestinian-Jewish dialogues.
Number one, we have to own the data and reframe the narrative. We have to open channels for discussion for women who have either had one or know someone who has had one, even in religious Catholic families. The state-by-state strategy was really slow, but Ruth Bader Ginsburg wanted that. She almost didn’t get on the court because she didn’t like the nationwide, right-to-privacy strategy of Roe but instead wanted it won state by state, which would have required campaigns of acceptance and consciousness-raising.
So, the irony is she hasn’t lived to see that we’re going to have to do it her way.
You share a lot of family secrets in this book. Is this a book that you waited to write until, I’ll try to put this gently, most of the people had died?
I started this book when I was 78 years old, and there’s always a connection to my major birthdays. And turning 80 – you experience that number and it is so weird. It doesn’t describe me and it probably won’t describe you. I thought, this could well be my last book, so I needed to be completely transparent, put it all out there.
My mother and father and aunts and uncles were gone, but I have 24 cousins altogether. I went to my cousins, and told them I am going to write about the secret of your parents: It’s my uncle, but it’s your father. It’s your family story even though it’s my family, but it’s yours first. And every cousin, uniformly, said, “Are you kidding? You don’t even know the half of it,” and they’d tell me the whole story. I guess people want the truth out in the end.
Is that an aspect of getting older?
I think it’s a promise of liberation, which is what I have found. It’s this experience of being free from anything that I’ve hid. I don’t have to hide. Years ago, on our 35th wedding anniversary, we took our whole family to the Tenement Museum because we wanted them to see how far we’ve come in two generations.
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The post Letty Cottin Pogrebin wants Jews to own up to the corrosive power of shame appeared first on Jewish Telegraphic Agency.
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Candace Owens Claims US ‘Being Held Hostage by Israel,’ Suggests Zionists Killed JFK
Political commentator Candace Owens claimed on Friday that the US is being held “hostage” by Israel and suggested that AIPAC, the foremost pro-Israel lobbying organization in the US, was behind the assassination of former US President John F. Kennedy.
“It seems like our country is being held hostage by Israel,” Owens, a right-wing provocateur, said during the opening segment of her YouTube show, where she interviewed far-left commentator Briahna Joy Gray.
“I’m going to get in so much trouble for that. I don’t care,” Owens lamented.
Gray, who was the guest for this episode, was recently fired from The Hill‘s TV show, Rising, after aggressively cutting off and rolling her eyes at the sister of an Israeli hostage who said that Hamas sexually assaulted women during the terror group’s Oct. 7 massacre across southern Israel and that people should believe those women. Gray, who claimed her firing was politically motivated, had repeatedly cast doubt on the sexual violence perpetrated against Israeli women during the Hamas-led onslaught.
However, Owens said that part of the reasons she was addressing the subject was that people were being fired because they were “not happy … when an innocent Palestinian kid dies” or for “critiquing a foreign nation.”
Also on Friday’s show, Owens claimed US Rep. Thomas Massie (R-KY) was “wading into some dangerous waters” when, during an interview with host Tucker Carlson, he spoke about how effective the American Israel Public Affairs Committee (AIPAC) is at lobbying members of Congress and suggested the group should have to register as a foreign agent that is acting on behalf of Israel.
The reason it was dangerous, Owens said, was because “we know there was once a president that wanted to make AIPAC register, and he ended up shot … so Thomas Massie better be careful.”
Owens was referencing the fact that Kennedy wanted the American Zionist Council, a lobby group, to register as a foreign agent. However, there is no evidence the group had anything to do with Kennedy’s assassination.
Owens and The Daily Wire, which was co-founded by conservative and Jewish political commentator Ben Shapiro, parted ways after Owens flirted with antisemitic conspiracy theories for a number of months, especially following the outbreak of the Israel-Hamas war.
“In all communities there are gangs. In the black community we’ve got the Bloods, we’ve got the Crips. Well, imagine if the Bloods and the Crips were doing horrific things, murdering people, controlling people with blackmail, and then every time a person spoke out about it, the Bloods and the Crips would call those people racist,” Owens said while still at The Daily Wire. “What if that is what is happening right now in Hollywood if there is just a very small ring of specific people who are using the fact that they are Jewish to shield themselves from any criticism. It’s food for thought, right? … this appears to be something that is quite sinister.”
Additionally, after getting into a spat with an outspoken and controversial rabbi, Shmuley Boteach, she said, “Are you going to kill me? Are you going to kill me, because I refuse to kowtow to you, and I think it’s weird that you and your daughter are promoting and selling sex toys, that’s why I deem you an ‘unholy rabbi?’”
“You gross me out. You disgust me. I am a better person than you, and I do not fear you,” Owens continued.
The list of controversial incidents involving Owens continued to grow longer with time. In one case, she “liked” an X/Twitter post that promoted the antisemitic “blood libel.” The post read, in response to Boteach, “Rabbi, are you drunk on Christian blood again?”
The “blood libel” is a medieval anti-Jewish slur which falsely claims that Jews use the blood of non-Jewish children in their religious rituals.
The post Candace Owens Claims US ‘Being Held Hostage by Israel,’ Suggests Zionists Killed JFK first appeared on Algemeiner.com.
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Hating Israel Isn’t New; How the CIA and State Department Undermined the Jewish State
“Teddy Roosevelt’s great-great-great grandson is an anti-Israel protester at Princeton,” blared a New York Post headline on May 4, 2024.
The Post reported that Quentin Colon Roosevelt, an 18-year-old freshman, and descendant of the 25th President, is an anti-Israel activist at the Ivy League university. But far from being hip and new, Quentin’s brand of anti-Zionism is old hat — he is merely continuing a long family tradition of anti-Israel activism.
There is an abundance of literature on Franklin D. Roosevelt’s views on Jews and Zionism, the belief in Jewish self-determination. Both FDR and his wife Eleanor had made antisemitic remarks. In a private conversation in 1938, then-President Roosevelt suggested that by dominating the economy in Poland, Jews were themselves fueling antisemitism. And in a 1941 Cabinet meeting, FDR remarked that there were too many Jewish Federal employees in Oregon. In his final days, FDR promised Saudi leader Abdul Aziz Ibn al Saud that he would oppose the creation of Jewish state in the Jewish people’s ancestral homeland.
FDR is the president who led the United States to victory against Adolf Hitler. He also employed Jews in high-ranking positions in his government. But he is also the president whose administration failed to save more Jews fleeing Nazism, and who refused to bomb the railway tracks leading to Auschwitz and other death camps where millions of Jews met a ghastly end. Accordingly, it makes sense that his beliefs regarding Jews have been the subject of books and belated study.
Less examined, however, is the Oyster Bay branch of the Roosevelt clan, and their beliefs regarding Zionism. In part, this is easily explained by the unique place that FDR holds in American history. He is the only president to serve four terms, and presided over both the Great Depression, World War II, and arguably the beginning of the Cold War. His branch of the family, the Hyde Park Roosevelts, were Democrats and remained active in public life for decades after his 1945 death.
At first glance, the Oyster Bay Roosevelts were more of a turn of the 19th century affair. They were Republicans, and their scion was Teddy Roosevelt, a war hero turned governor of New York state who, thanks to an assassin’s bullet, found himself as the nation’s leader in 1901.
The famously ebullient Roosevelt helped redefine the country’s idea of a president, and served as an inspiration for his cousin Franklin. But Teddy largely presided over an era of peace and tranquility, not war and upheaval.
Teddy was a philosemite. He was the first occupant of the Oval Office to appoint a Jewish American to the Cabinet. He championed the rights of Jews, both at home and abroad, and was harshly critical of the numerous pogroms that unfolded in czarist Russia.
As Seth Rogovoy has noted, Roosevelt’s “special relationship with Jews was forged during his time serving as police commissioner in New York City, a post he assumed in 1904.” When an antisemitic German preacher named Hermann Ahlwardt gave speeches in the city, Roosevelt assigned a contingent of Jewish police officers to guard the man.
Roosevelt was also a Zionist. In 1918, shortly after the Balfour Declaration, he wrote: “It seems to me that it is entirely proper to start a Zionist state around Jerusalem.” He told Lioubomir Michailovitch, the Serbian Minister to the United States, that “there can be no peace worth having … unless the Jews [are] given control of Palestine.” Six months later Roosevelt died in his sleep.
Not all his descendants would share his belief in Jewish self-determination, however.
Two of Teddy Roosevelt’s grandchildren, Kermit and Archie, served their country in the CIA during the early years of the Cold War. Both were keenly interested in Middle East affairs, and were fluent in Arabic. Both were well read and highly educated, authoring books and filing dispatches for newspapers like the Saturday Evening Post, among others.
They were also prominent anti-Zionists.
Kermit Roosevelt, known as “Kim,” played a key role in anti-Zionist efforts in the United States and abroad. He was not, by the standards of his time, an antisemite. But he was ardently opposed to the creation of Israel.
As Hugh Wilford observed in his 2013 book America’s Great Game: The CIA’s Secret Arabists and the Shaping of the Modern Middle East: “the anti-Zionism of the overt Cold War foreign policy establishment is well known” but “less widely appreciated is the opposition to Jewish statehood of the individuals responsible for setting up the United States’ covert apparatus in the Middle East.”
This began with the OSS, the CIA’s precursor. And it included men like Stephen Penrose, a former American University of Beirut instructor, and Kim Roosevelt’s boss during his wartime service in the OSS.
“Documents among Penrose’s personal papers reveal him engaged in a variety of anti-Zionist activities at the same time that he was commencing his official duties with the OSS,” Wilford notes.
Like many of his fellow Arabists, Penrose was the son of American missionaries who, failing to convert the native population to Christianity, sought to foster Arab nationalism instead. Penrose described himself as a “chief cook” who was “brewing” opposition to Zionism. He became one of Kim Roosevelt’s mentors.
In a January 1948 Middle East Journal article entitled, “Partition of Palestine: A Lesson in Pressure Politics,” Kim called the 1947 UN vote in favor of a Jewish state an “instructive and disturbing story.”
Roosevelt believed that the US media was unduly supportive of the creation of Israel, and claimed that almost all Americans “with diplomatic, educational, missionary, or business experience in the Middle East” opposed Zionism.
Kim’s pamphlet was reprinted by the Institute for Arab American Affairs, a New York-based group whose board he sat on. He also began working with the Arab League’s Washington, D.C., office and “turned elsewhere for allies in the anti-Zionist struggle, starting with the Protestant missionaries, educators, and aid workers.”
This nascent group soon received financial support from the American oil industry, which maintained close links to Kim’s OSS/CIA colleague, William Eddy.
As Wilford noted, the Arabian consortium ARAMCO “launched a public relations campaign intended to bring American opinion around to the Arab point of view.”
In addition to missionaries and big oil, Kim gained another important ally in the form of Elmer Berger, a rabbi from Flint, Michigan. Berger served as executive director of the American Council for Judaism, an anti-Zionist group that, among other things, opposed the creation of a Jewish army during World War II at the height of the Holocaust. Berger and Roosevelt became drinking buddies and close collaborators on their joint effort against the Jewish State.
Kim eventually became “organizing secretary” for a group called The Committee for Justice and Peace. The committee’s original chair, Virginia Gildersleeve, was both a longtime friend of the Roosevelts of Oyster Bay and the dean of New York City’s Barnard College, which today is part of Columbia.
Gildersleeve was “also a high-profile anti-Zionist” who “became involved with the Arab cause through her association with the Arabist philanthropist Charles Crane and the historian of Arab nationalism George Antonius.”
Crane, a wealthy and notorious antisemite, had lobbied against the creation of a Jewish state since the beginning of the 20th century, even advising then-President Woodrow Wilson against supporting the Balfour Declaration.
By 1950, the Committee had managed to recruit famed journalist Dorothy Thompson to their cause. Thompson was reportedly the basis for actress Katharine Hepburn’s character in the 1942 movie Woman of the Year. A convert to anti-Zionism, Thompson’s extensive network of reporters and celebrities proved crucial to Kim and Berger’s efforts to rally opposition to the Jewish State. In a 1951 letter to Barnard College’s Gildersleeve, Thompson wrote: “I am seriously concerned about the position of the Jews in the United States.” People, she claimed, “are beginning to ask themselves the question: who is really running America?”
Another ally emerged that year: the Central Intelligence Agency.
The CIA began funding the Committee, as well as its successor, the American Friends of the Middle East (AFME). Beginning in June 1950, Kim’s correspondence with Berger began making veiled references to the ACJ head taking on “official work” in Washington. This, Wilford believes, is a reference to working with the CIA. Indeed, the well-connected Kim and Archie Roosevelt had known top CIA officials like Allan Dulles since childhood.
With support from figures like Eddy, AFME also began encouraging Muslim-Christian alliances — ostensibly to counter Soviet influence, but also to attack the Jewish state. This led to some awkward alliances, including with Amin al-Husseini, the founding father of Palestinian nationalism and an infamous Nazi collaborator.
Husseini had ordered the murders of rival Palestinians, incited violence against Jews since the 1920s, and had led forces, equipped with Nazi-supplied arms, to destroy Israel at its rebirth in 1948. Now, along with the Secretary General of the Arab League, and Saudi King Ibn Saud, he was meeting with Eddy to discuss a “moral alliance” between Christians and Muslims to defeat communism. Kim himself knew Husseini, having interviewed him for the Saturday Evening Post after World War II.
AFME lobbied for the appointment of anti-Zionist diplomats and in favor of Eisenhower administration efforts to withhold aid from Israel. And both Berger and Thompson pushed for favorable coverage of the new Egyptian dictator, Gamal Nassar, who would wage war on the Jewish state for nearly two decades. Initially, they were successful, with TIME magazine writing that Nasser had the “lithe grace of a big, handsome, all-American quarterback.” Of course, there was nothing “all-American” about Nasser, who would become a Soviet stooge.
AFME officials like Garland Evans Hopkins would draw rebukes after claiming that Jews were bringing violence against themselves — a staple of antisemitism. Hopkins claimed that Zionists “could produce a wave of antisemitism in this country” if they continued acting against “America’s best interests in the Middle East.”
AFME itself would eventually lose influence, particularly after its boosting of figures like Nasser was revealed as foolhardy. Berger would go on to advise Senator J. William Fulbright (D-AR) in his efforts to get pro-Israel Americans to register as foreign agents.
In 1967, as Arab forces gathered to annihilate Israel, Berger blamed the Jewish State, accusing it of “aggression” and its supporters of “hysteria.” Top ACJ officials resigned in protest. That same year, Ramparts magazine exposed CIA support, financial and otherwise, of AFME.
Kim and Archie Roosevelt, however, would continue their careers as high-ranking CIA officers before eventually starting a consulting business and making use of their extensive Middle East contacts.
For some college protesters, attacking Israel — and American support for Israel — might seem new and trendy. Yet, both the CIA and big oil were precisely doing that, decades ago, forming alliances with anti-American dictators, antisemitic war criminals, the press, Protestant groups, academics, university administrators, and fringe Jewish groups claiming to represent “what’s best” for American Jewry.
As William Faulkner once wrote: “The past is never dead. It’s not even past.”
The writer is a Senior Research Analyst for CAMERA, the 65,000-member, Boston-based Committee for Accuracy in Middle East Reporting and Analysis
The post Hating Israel Isn’t New; How the CIA and State Department Undermined the Jewish State first appeared on Algemeiner.comhttps://www.algemeiner.com/.
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Canada’s economic growth projected to be about 1% in the first half of 2024
Canada is a country with a thriving Jewish community and has traditionally offered the security of a strong economy for residents. The national economic outlook is naturally something that everyone in Canada’s Jewish community keeps track of – especially those involved in business in the various provinces.
With this in mind, the July 2023 Monetary Policy Report from the Bank of Canada made for interesting reading, projecting a moderate economic growth figure of around 1% for the first half of 2024. This is in line with growth figures that had been forecast for the second half of 2023, and sees the country’s economy remain on a stable footing.
Steady projected growth for first half of 2024
Although projected economic growth of around 1% in early 2024 is not as impressive as figures of around 3.4% in 2022 and 1.8% in 2023, it is certainly no cause for alarm. But what might be behind it?
Higher interest rates are one major factor to consider and have had a negative impact on household spending nationally. This has effectively seen people with less spending power and businesses in Canada generating less revenue as a result.
Interest rate rises have also hit business investments nationally, and less money is being channelled into this area to fuel Canada’s economic growth. When you also factor in how the weak foreign demand for Canadian goods and services has hit export growth lately, the projected GDP growth figure for early 2024 is understandable.
Growth in second half of 2024 expected
Although the above may make for interesting reading for early 2024, the Bank of Canada’s report does show that economic growth is expected to pick up in the second half of the year. This is projected to be due to the decreasing effect of high interest rates on the Canadian economy and a stronger foreign demand for the country’s exports.
Moving forward from this period, it is predicted that inflation will remain at around 3% as we head into 2025, and hit the Bank of Canada’s inflation target of 2% come the middle of 2025. All of this should help the country’s financial status remain stable and prove encouraging for business leaders in the Jewish community.
Canada’s economic growth mirrors iGaming’s rise
When you take a look at the previous growth figures Canada has seen and also consider the growth predicted for 2024 (especially in the second half of the year), it is clear that the country has a vibrant, thriving economy.
This economic growth is something that can be compared with iGaming’s recent rise as an industry around the country. In the same way as Canada has steadily built a strong economy over time, iGaming has transformed itself into a powerful, flourishing sector.
This becomes even clearer when you consider that Canadian iGaming has been a major contributor to the sustained growth seen in the country’s arts, entertainment and recreation industry, which rose by around 1.9% in Q2 of 2023. The healthy state of online casino play in Canada is also evidenced by how many customers the most popular casino platforms attract and how the user experience these operators offer has enabled iGaming in the country to take off.
This, of course, is also something that translates to the world stage, where global iGaming revenues in 2023 hit an estimated $95 billion. iGaming’s global market volume is also pegged to rise to around $130 billion by 2027. These kinds of figures represent a sharp jump for iGaming worldwide and show how the sector is on the ascent.
Future economic outlook for Canada in line with global expectations
When considering the Canadian economic outlook for 2024, it is often useful to look at how this compares with global financial predictions. In addition to the rude health of iGaming in Canada being reflected in global online casino gaming, the positive economic outlook for the country is also broadly in line with expectations for many global economies.
Global growth is also predicted to rise steadily in the second half of 2024 before becoming stronger in 2025. This should be driven by the weakening effects of high interest rates on worldwide economic prosperity. With rate cuts in Canada already expected after Feb 2024’s inflation report, this could happen in the near future.
The performance of the US economy is always of interest in Canada, as this is the country’s biggest trading partner. Positive US Q2 performances in 2023, powered by a strong labor market, good consumer spending levels and robust business investments, were therefore a cause for optimism. As a US economy that continues to grow is something that Canadian businesses welcome, this can only be a healthy sign.
Canada set for further growth in 2024
Local news around Canada can cover many topics but the economy is arguably one of the most popular. A projected GDP growth figure of around 1% for Canada’s economy shows that the financial state of the country is heading in the right direction. An improved financial outlook heading into the latter half of 2024/2025 would make for even better reading, and the national economy should become even stronger.