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Potential output in Canada: 2020 reassessment

Dany Brouillette, Julien Champagne and Julien McDonald-Guimond

No 2020-25, Staff Analytical Notes from Bank of Canada

Abstract: After COVID-19, we expect potential output growth to stabilize around 1.2 percent. This is lower than the 2010–18 average growth of 1.8 percent. Relative to the April 2019 reassessment, the growth profile is revised down. Given the unknown course of the pandemic, uncertainty around these estimates is higher than in previous years.

Keywords: Labour markets; Potential output; Productivity (search for similar items in EconPapers)
JEL-codes: E00 E2 E23 E24 E37 E6 (search for similar items in EconPapers)
Date: 2020-10
New Economics Papers: this item is included in nep-eff and nep-mac
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