Canadian Economy Faces ‘Gradual and Bumpy Recovery’ Over Next 3 Years, KPMG Report Says
Canada’s economy “faces a gradual and bumpy recovery” over the next three years, according to a new economic outlook report that cites resilient consumers and adaptation to U.S. tariffs as contributing to projected growth of 1 to 2 percent. Accounting firm KPMG said in its Nov. 11 report that it forecasts GDP growth of 1 [...]
Canada’s economy is projected to undergo a gradual and bumpy recovery over the next three years, with growth anticipated between 1 and 2 percent. This forecast is supported by resilient consumer spending, rising investments, adaptation to U.S. tariffs, and modestly stronger population growth. Despite potential geopolitical turmoil impacting predictions, businesses are showing adaptability, which underpins the outlook.
- Canada’s economy is expected to experience a gradual and bumpy recovery over the next three years.
- Projected GDP growth is 1 percent this year, 1.8 percent in 2027, and 2 percent in 2028.
- Key factors supporting growth include resilient consumer spending, rising investments, adaptation to U.S. tariffs, and population growth.
- Risks to growth are considered roughly balanced, though output may remain below its pre-2025 trend.
- Businesses are demonstrating adaptability to geopolitical turmoil, influencing the economic outlook.
Write a comment