Although most private-sector forecasters have revised down their GDP forecasts for Canada, they still seem too high to us. The latest surveys show that consensus expectations for real GDP growth over the next year or two are close to pre-crisis historical growth rates. Considering that these recent GDP growth averages were influenced by one of the longest global credit cycles in history and a decade long domestic housing boom, we think the new consensus is still overly optimistic.
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