This annual economic forecast presents the long-term national outlook. The U.S. economic outlook is presented in a separate section.
Canadian Outlook Long-Term Economic Forecast: 2011
Canadian Outlook Long-Term Economic Forecast: 2011
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- We expect real GDP growth in much of Europe and Japan to remain sluggish over the medium to long term.
- China offers tremendous opportunities as a consumer end-market, a source of lower-cost labour within firms’ global production chains, and increasingly as a source of more advanced technology and production.
- The huge U.S. current account deficit has led to a shift in global capital flows that is having far-reaching implications.
- Despite the potential gains from enhanced trade with the BRICs, the U.S. will remain Canada’s top international economic priority over the next two decades.
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