Further tightening of macroprudential and tax-based measures to mitigate speculative and investment activity should be considered.
China’s resilience, rising commodity prices, and sturdy financial markets provide sunnier outlook.
Still too soon to predict how the Trump administration will affect the global economy.
US recovery misses expectations.
It’s shaving its estimate for worldwide growth by 0.1% to 3.1%.
Losses translate into budget deficits and slower economic growth.
Slow growth risks becoming ingrained as a `new mediocre.’
Organization also lowered its Canadian outlook for 2016 to 1.7% from 2.1%.
Calls for the Canadian economy to grow 2.2% in 2015, down an earlier estimate of 2.3%.
Historically low mortgage rates are luring more Canadians into the real estate market.
Canada is feeling a pinch from slow growth in major economies, including China, Japan and Russia.
Says slowdowns in Europe, Japan, BRICS outweigh boost from cheap oil.
Sluggish business investment is still holding back growth.
Outlook raises US economic forecast to 2.2% growth this year, up from 1.7%.
There’s recovery ahead, however, by 2015 when the US expands 3%, it’s best showing since 2005.