Analysis by Region - North America

Analysis by Region - North America

The Canadian economy weathered the Omicron wave better than expected, but new headwinds have emerged that will boost inflation and slow growth. Accordingly, we have lowered our GDP growth forecasts by 0.3ppts to 3.9% in 2022 and 0.6ppts to 2.5% in 2023.

Canada: Slower growth, higher inflation expected as new headwinds arise
Forecast overview
Recent developments
Short-term outlook
*Includes consumption and capital spending
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

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