This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.
Canadian Outlook Executive Summary: Winter 2018
Canadian Outlook Executive Summary: Winter 2018
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- Following a robust performance in 2017, Canada’s real GDP growth is expected to ease over the next two years as strong consumer spending gives way to improving capital investment and trade.
- The global economy is on track for an uptick in growth in 2018. Firmer commodity prices have helped prop up resource-dependent economies, while China and India continue to forge ahead.
- In the United States, Congress has passed President Donald Trump’s tax cuts. These should provide a boost to economic activity and lead to further tightening in monetary policy.
- In Canada, stretched household finances and a healthy correction in housing markets will dampen the pace of consumer spending in 2018.
- Capacity constraints, coupled with rising profits, should boost private investment and exports—a turnaround that has been slow in coming.
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