Monetary Policy Report - July 2017
Bank of Canada 2017.07.28
Growth in the Canadian economy is projected to reach 2.8 per cent this year before slowing to 2.0 per cent next year and 1.6 per cent in 2019. Global economic growth continues to strengthen and broaden across countries and regions. The US economy is expanding at a moderate pace, and there are signs of a more consistent pickup in activity across the euro area. Growth has resumed in some emerging-market economies (EMEs) that had been in recession. Both global trade and investment growth have firmed, reflecting the more synchronous expansion worldwide and the bottoming-out of the effects of the oil price shock. Global economic growth is expected to reach around 3 1/2 per cent in 2017.