Bank of Canada releases economic forecasts: Sees 2025 GDP growth at 1.8% vs 2.1% prior ...Middle East

Canadian forecasts compared to October:

2025 GDP growth forecast cut to 1.8% from 2.1%Q4 2024 GDP growth trimmed to 1.8% from 2.0%CPI inflation revised up for 2024 annual (2.4% vs 2.3%)Core inflation notably higher in Q4 2024 (2.6% vs 2.3%)2025 CPI seen at 2.3% vs 2.2% priorQ4 CPI seen at 3.3% vs 2.0% prior The output gap is estimated to be about 0.3 pp narrower than it was before upward revisions to historical data and is at -1.25% to -0.25% (vs -1.75% to -0.75% in Oct)

Critically, these forecasts don't include the potential impacts of tariffs.

Consumption growth forecast nearly doubled to 1.3% (prev 0.7%)Business investment sharply lower at 0.1% (prev 0.4%)Exports dramatically reduced to 0.6% (prev 1.5%)Final domestic demand slightly higher at 2.4% (prev 2.2%)

That's asking a lot from the consumer.

This article was written by Adam Button at www.forexlive.com.

Hence then, the article about bank of canada releases economic forecasts sees 2025 gdp growth at 1 8 vs 2 1 prior was published today ( Wednesday 29/01/2025 - 05:58 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Bank of Canada releases economic forecasts: Sees 2025 GDP growth at 1.8% vs 2.1% prior )

Also on site :

• Suspect in Mississippi synagogue fire laughed as he confessed to his dad, authorities say
• Fire crews and Hazmat teams responded to fire involving lithium ion batteries at Higuera Street facility
• No injuries reported after partial building collapse in the Bronx, officials say