Canada Economics

Canada Economics Weekly

11 July, 2011

Prospects for a sustained rebound in growth dimming

Following 3.9% annualised growth in the first quarter, our latest calculations point to a substantial slowdown in second-quarter GDP growth, to 1.2%. Although we anticipate a partial rebound in the third quarter, prospects for a sustained rebound in the second half of this year appear to be slipping. While gasoline prices have begun to decline, rising food prices may leave a larger imprint on real household incomes and discretionary spending. We also expect any pick up in US economic growth during

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