Provincial Outlook Economic Forecast: Autumn 2011
The Conference Board of Canada, 78 pages,
December 8, 2011
This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada's provinces.
- The ongoing high levels of global economic
uncertainty adds serious downside risks to
the outlook—but we assume that European
governments will implement the policies
necessary to stave off another financial crisis.
- Fiscal austerity will affect all provinces over
the near term, as the federal and provincial
governments—wanting to balance their
books—rein in infrastructure spending
and keep expenses on a tight leash.
- The West is best. A stronger economic outlook
is projected for all Western provinces
over the near term.
- Central and Atlantic Canada will advance at
a more tempered pace as a slow-moving U.S.
economy and weak consumer confidence
keep a lid on economic growth.