Survey of Forecasters: Spring 2003

This quarterly survey reflects the opinions of Canada’s top forecasting organizations and their outlook for the Canadian economy.

Document Highlights

Forecasters surveyed by Signal49 Research in March were more pessimistic about Canada’s economic prospects this year.

• Forecasters expect real gross domestic product (GDP) growth of 2.9 per cent in 2003.
• Real export spending is expected to increase by only 2 per cent this year.
• Respondents expect higher inflation in 2003, rising to 3.2 per cent from the winter forecast of 2.5 per cent.