Canadian Outlook Executive Summary: Spring 2018
The Conference Board of Canada, 32 pages
April 6, 2018
This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.
- After a year of impressive economic growth, Canada’s economy is set to slow to a more sustainable pace in 2018.
- We expect real GDP to grow by 1.9 per cent in 2018, down from 3.0 per cent growth last year.
- High debt levels, rising interest rates, and slower employment gains will result in slower growth in consumer spending.
- The trade sector will subtract from economic growth, as non-energy exports continue to perform poorly.
- Businesses remain hesitant to invest. The level of investment in plant and equipment is expected to remain well below the recent high seen in 2014.
Table of Contents
EXECUTIVE SUMMARY—Economy Shifts Into Lower Gear
- Global Economic Growth Accelerating
- Canadian Economic Growth Slowing
- Household Spending to Make a Smaller Contribution to Economic Growth
- Housing Market Softening
- Slower Economic Growth Makes Reducing Deficits Challenging
Appendix A—Forecast Tables