Steady Growth in Potential Output Ahead
This year, we forecast the long-term potential output of the Canadian economy, delving into the components of potential output: labour, capital, and total factor productivity.
What are the major factors influencing potential employment, capital stock, and total factor productivity? Will the currently negative output gap between Canada’s actual real GDP and its potential output widen or narrow throughout the forecast period? We share our 20-year outlook for Canada’s potential output, including the impact of demographic trends and technology adoption.
Read the online experience to get our full analysis.
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