Canada leading G7 this year; U.S. fading as growth engine

[mentalfloss]

Canada leading G7 this year; U.S. fading as growth engine

The world is leaning less on its biggest economy to sustain the global recovery, according to the International Monetary Fund.

The fund left its forecast for global growth unchanged in the latest quarterly update to its World Economic Outlook, released Monday in Kuala Lumpur. The world economy will expand 3.5 per cent this year, up from 3.2 per cent in 2016, and by 3.6 per cent next year, the IMF said. The forecasts for this year and next are unchanged from the fund's projections in April.

Beneath the headline figures, though, the drivers of the recovery are shifting, with the world relying less than expected on the U.S. and U.K. and more on China, Japan, the euro zone and Canada, according to the Washington-based IMF.

The dollar fell to its lowest in 14 months last week as investors discounted the ability of President Donald Trump's administration to deliver on its economic agenda after efforts by the Republican Senate to overhaul health care collapsed.

https://beta.theglobeandmail.com/re...ttps://www.theglobeandmail.com&service=mobile

 

[MHz]

You forgot to mention the other nations income fell more than ours (Russian sanctions) so rather than we improved we are sliding but at a slower rate. That about sum it up?

 

[mentalfloss]

Not really, no.

But judging by the silence, ES sure is salty about this.

:lol:

 

[MHz]

You spilled 'trust me.' wrong. No trust you, . . . . you bad man.

 

[mentalfloss]

Lay off the mercury.

 

[Danbones]

Hey! you can't have it all!

If it was for making the light go on that would be one thing, but not for what you use it for!

 

[Walter]

This report says US is ahead of CA.
Global Economic Outlook, June 2017 - OECD

 

[Curious Cdn]

Unfortunately, the Canadian dollar is climbing against the US dollar (The US currency is falling, in reality). This is a bad situation to be in with NAFTA up for renegotiation. Our low dollar is our secret weapon. It makes our goods and services cheaper and more attractive to the Americans and it discourages Canadians from buying American goods (and, hopefully buying Canadian made goods, instead).

 

[mentalfloss]

We've always had a trade deficit.

Focusing on GDP growth is more important now.

 

[captain morgan]

No doubt a result of dutch disease and the petro dollar

 

[mentalfloss]

Actually it looks like we're finally breaking free of the Dutch disease that Harper infected this country with.

CBC is reporting that the loonie is out of sync with oil for the first time in a decade.

 

[Curious Cdn]

Actually it looks like we're finally breaking free of the Dutch disease that Harper infected this country with.

CBC is reporting that the loonie is out of sync with oil for the first time in a decade.

The Loonie is not anything. It's the US greenback that's doing dipsy-doodles. Something about latent instability, down there.

 

[mentalfloss]

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