OECD raises outlook for Canadian economy this year
Forecast for global economic growth was unchanged at 3.5%.
OTTAWA — The Organization for Economic Co-operation and Development has raised its expectations for economic growth in Canada this year compared with a June forecast.
The Paris-based economic think tank says it now expects the Canadian economy to grow by 3.2% this year, best in the G7.
That is up from its forecast in June for growth of 2.8%.
The OECD maintained its Canadian outlook for 2018 at 2.3%.
Meanwhile, the organization’s outlook for global economic growth was unchanged at 3.5% for this year and up slightly at 3.7% for 2018, compared with 3.6% in its previous forecast.
Expectations for the US were unchanged at 2.1% this year and 2.4% next year.News from © Canadian Press Enterprises Inc. 2016