Global growth is projected to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025. Services inflation is holding up progress on disinflation, which is complicating monetary policy normalization. Upside risks to inflation have thus increased, raising the prospect of higher for even longer interest rates, in the context of escalating trade tensions and increased policy uncertainty. The policy mix should thus be sequenced carefully to achieve price stability and replenish diminished buffers.
IMF Reports predicts Canada to have the largest growth in G7 for 2025:
Well, that’s a breath of fresh air after the Canadian economy took a preemptive beating compared to other G7 economies over the past few years. While the Liberal strategy didn’t prevent the economy tanking in the short term, at least it appears to have aided in at least a predicted earlier recovery.
Well, that’s a breath of fresh air after the Canadian economy took a preemptive beating compared to other G7 economies over the past few years. While the Liberal strategy didn’t prevent the economy tanking in the short term, at least it appears to have aided in at least a predicted earlier recovery.