Bank of Canada forecast for GDP, CPI from the April 2024 meeting ...Middle East

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Monetary Policy Effectiveness: Inflation is slowing as monetary policy effectively reduces inflationary pressures; February's CPI growth was at 2.8% with core inflation close to 3%.Economic Growth Estimates: GDP, after stagnating in late 2023, is expected to rebound in early 2024, with volatile quarterly growth around 2% and an annual average growth of 1.5% in 2024.Population and GDP Growth: Strong population growth supports the GDP increase, with annual growth projected at about 2% for 2025 and 2026.GDP Per Capita and Consumer Confidence: GDP per capita growth is expected to be negative in the first half of 2024 but improve later in the year and into early 2025, helped by easing financial c

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