IMF: Canadian economy will still grow in 2018, just a little less
WASHINGTON — The International Monetary Fund projects moderate economic growth for Canada this year and next, albeit at a rate lower than last year’s and significantly slower than in the United States.
In a document generally positive about the current global economy, but flashing warning signs of potential trouble ahead, Tuesday’s IMF World Economic Outlook foresees growth in Canada of 2.1 per cent this year and two per cent next year.
That represents a downgrade from January’s outlook of 2.3 per cent growth forecast for this year, and it’s less than the strong three per cent growth Canada experienced in 2017.
It’s also less optimistic than the forecast for the U.S.: the United States is projected to grow almost three per cent this year, which is a significant improvement from recent IMF outlooks.