Canada

Ion Alexandru Tănase

Conjunctura economiei mondiale / World Economic Studies, 2016, 91-95

Abstract: Economic growth in 2015 was, as expected, influenced by small international crude oil prices, which caused a decline in its rate from 1.2 % to 2.5 % in 2014. The influences also emerge from the perspective of political orientation change by choosing the new prime minister liberal Justin Trudeau, after the elections in October 2015. Canada's Central Bank Governor, Stephen S. According to Polo, stated that the low price of crude oil continues to have a negative impact on the economy. In 2016, national and international experts anticipate a slight economic recovery (1.7%) and for 2017 a more optimistic forecast regarding the economic growth (2.2%), based on a predictable rise in international oil prices and from the positive influence of the US economy.

Keywords: Canada; GDP; oil; recovery; turbulence; world economy (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2016:p:91-95

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