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Macro - Country Economic Forecasts - Canada

Publisher Oxford Economics
Published May 12, 2022
Length 9 Pages
SKU # OFE17169685

Description

Macro - Country Economic Forecasts - Canada

Canada’s economy successfully weathered the Omicron wave in Q1, but slower growth is on the horizon. An increasingly hawkish Bank of Canada, inflation at a four-decades high, fallout from the war in Ukraine, and a correction in house prices are all expected to contribute to a sharp slowdown in economic growth next year. We forecast GDP will rise 4.1% in 2022 before growth decelerates to 2.2% in 2023, unchanged from last month.

Table of Contents

9 Pages
Canada: Sharp growth slowdown in 2023, faster rate hikes ahead
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics
How Do Licenses Work?
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