Although the mild recession in the first half of this year has ended, the drag from falling business investment triggered by the slump in oil prices is far from over and growing imbalances in the housing market threaten to topple the economy. What’s more, the lower Canadian dollar has provided only a modest boost to non-energy exports. We expect meagre GDP growth of only 1.0% in 2015 and 2016, before a recovery finally begins to emerge in 2017.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services