U.S. Outlook
20-Year Outlook By CBoC Economics Team • Updated November 16, 2023
Losing Steam
Despite a highly restrictive monetary policy, the U.S. economy continues to outperform expectations. Real GDP growth in the first half of the year advanced by 2.0 per cent annualized and will accelerate with 2.5 per cent growth in the third quarter.
November 16, 2023 • 20-min read
Previous Release
Recession Fears on Hold … for Now
August 1, 2023
The U.S. economy should avert a major recession over the near term, but much depends on how quickly inflation returns to the 2.0 per cent target as this would enable the Fed to halt interest rate hikes.
Impact paper • 33-min read
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