Canada’s GDP growth is forecast to slow down to about 2% in 2018, due to a slowdown in private consumption and government spending.
Economic growth accelerated to 3% in 2017 mainly due to decreased oil prices, Canada’s GDP growth slowed down to below 2% in 2015 and 2016 as investment in mining, quarrying, oil and gas extraction contracted. However, the economy rebounded in 2017 growing 3%, mainly due to robust household consumption growth, a recovery in investments (especially in the energy sector) and increased exports. The economic expansion has eased somewhat in H2 in 2017, and GDP growth is forecast to slow down to about 2% in 2018, due to a slowdown in private consumption and government spending.
Read more on the NAFTA Canada 2018 Report here: NAFTA Country Report Canada 2018
