 Economic Projections for Canada and the Provinces, 2019-2038No 2022-01, CSLS Research Reports from Centre for the Study of Living Standards Abstract: This report is an update of an earlier report by the CSLS in 2018, projecting real GDP growth for Canada and the provinces for the 2017-2038 period (Sharpe and Iglesias, 2018). The projections of this report are based on two additional years of historical data: 2018 and 2019. Two perspectives are explored in the report. First, the historical perspective, comparing current projections to the 2000-2019 period. Economic growth is projected to be slower over the next 20 years, down from 1.98 per cent per year over 2000-2019 to 1.71 per cent per year for the 2019- 2038 period. Second, the earlier projections perspective, comparing current projections for the 2019-2038 period and the previous projections of the 2018 report for the 2017-2038 period. This report projects a growth rate of 1.71 per cent per year for 2019-2038, an increase of 0.15 percentage points over the earlier projection of 1.56 per cent for 2017-2038. An update in Statistics Canada’s population projections assumptions, mainly due to higher immigration assumptions, was the driving factor for the differences between the two projections. Keywords: GDP; growth; projection; Canada (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sls:resrep:1925 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in CSLS Research Reports from Centre for the Study of Living Standards 170 Laurier Ave. W, Suite 604, Ottawa, ON K1P 5V5. Contact information at EDIRC. |
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