This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada’s provinces.
Provincial Outlook Executive Summary: Autumn 2011
Provincial Outlook Executive Summary: Autumn 2011
Provincial Economic Analysis
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- 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.
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