This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.
Canadian Outlook Executive Summary: Spring 2018
Canadian Outlook Executive Summary: Spring 2018
Canadian
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- 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.
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