Canada: 2013 Article IV Consultation
This 2013 Article IV Consultation highlights that the Canadian economy strengthened in 2013 after a subdued performance in 2012, but the underlying growth has remained modest. Despite the depreciating exchange rate, non-energy exports remained well below the levels reached after earlier recessions. The housing market has cooled, owing in part to macro-prudential measures adopted in the past. Economic growth is expected to accelerate to 2¼ percent in 2014, up from an estimated 1¾ percent in 2013. Canada’s export growth should benefit from the projected pick-up in U.S. growth in 2014, boosting business investment.
Year of publication: |
2014-02-03
|
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Article IV consultation reports | Economic growth | Fiscal consolidation | Fiscal policy | Housing | Energy sector | Financial sector | Monetary policy | Debt sustainability analysis | Fiscal sustainability | Staff Reports | Press releases | Canada | Housing prices |
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