Canadian Outlook Executive Summary: Summer 2013

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Canadian Outlook Executive Summary: Summer 2013

Canadian Economic Analysis

Author: Pedro Antunes

$650.00

  • Canada’s real GDP growth is forecast to advance by 1.7 per cent in 2013—a second consecutive year of rather tepid growth.
  • However, the U.S. economy is gaining traction, leading to a better performance in 2014.
  • Financial and equity markets seem to have shaken off the jitters associated with the Cypriot bank crisis; still, downside risks to the forecast should not be dismissed.
  • The U.S. Federal Reserve has reworded its policy on quantitative easing; the program will continue until the unemployment rate falls below 7 per cent.
  • This year’s weak economic growth and soft inflation will result in soft revenue growth for provincial and federal governments struggling to beat back deficits.
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This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.

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