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- Real gross domestic product (GDP) growth is projected to slow from 1.1 per cent in 2023 to 0.7 per cent in 2024, before rebounding to 1.9 per cent in 2025 (previously 0.5 per cent and 2.2 per cent, respectively). This revised outlook will leave the level of real GDP 0.2 per cent below the FES 2023 outlook by the end of 2025.
budget.canada.ca/2024/report-rapport/anx1-en.html
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Economic growth in Canada is forecast to improve in the second half of 2024 and strengthen further in 2025 and 2026. Core inflation is expected to ease gradually, while the path of CPI inflation will be bumpy.
- Outlook - Bank of Canada
Economic outlook. GDP growth is anticipated to strengthen...
- Potential output in Canada: 2024 assessment - Bank of Canada
Overview. This note contains the Bank of Canada’s 2024 staff...
- Outlook - Bank of Canada
Oct 23, 2024 · Economic activity expanded at a moderate pace during the first half of 2024 as increases in household spending, non-residential business investment, and government consumption expenditures supported growth.
Economic outlook. GDP growth is anticipated to strengthen from about 1½% in the first half of 2024 to roughly 2½% in the second half. This increase is largely driven by exports, particularly in energy and motor vehicles, and some pickup in household spending.
Canadian economic growth will be slightly lower in 2024. Canada's economy should avoid recession in 2024, but growth will remain elusive. While the economy should benefit from a more predictable environment, high interest rates will continue to weigh against more vigorous economic activity. Real GDP growth in Canada, 2019 to 2024. Enlarge the image
Apr 24, 2024 · Overview. Authors. Exports and household spending bolster economic activity. Business productivity edges higher after steady declines. Output expands as oil and gas extraction ramps up. Headline inflation eases while affordability challenges remain. Employment growth slows as unemployment edges higher. Population growth outpaces employment growth.
Apr 16, 2024 · The March 2024 survey provides a reasonable basis for economic and fiscal planning. The economic outlook nevertheless remains clouded by a number of key uncertainties, which could impact the trajectory of inflation, interest rates, and economic growth.
Overview. This note contains the Bank of Canada’s 2024 staff assessment of potential output in Canada. Between 2023 and 2027, potential output growth is expected to average around 2% annually.
