OECD predicts Canada’s economic growth to be best in G7


OECD predicts Canada’s economic growth to be best in G7
  1. OECD predicts Canada’s economic growth to be best in G7
    thestar.com
    The Paris-based economic think tank says it now expects the Canadian economy to grow by 3.2 per cent this…
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By The Canadian Press Wed., Sept. 20, 2017

OTTAWA—The Organization for Economic Co-operation and Development has raised its expectations for economic growth in Canada this year compared with a June forecast.

The Paris-based economic think tank says it now expects the Canadian economy to grow by 3.2 per cent this year, best in the G7.

That is up from its forecast in June for growth of 2.8 per cent.

The OECD maintained its Canadian outlook for 2018 at 2.3 per cent.

Meanwhile, the organization’s outlook for global economic growth was unchanged at 3.5 per cent for this year and up slightly at 3.7 per cent for 2018, compared with 3.6 per cent in its previous forecast.

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“The upturn is promising, but there is no room for complacency,” said OECD chief economist Catherine L. Mann.

Expectations for the U.S. were unchanged at 2.1 per…