April 2017 annual reassessment of potential output growth in Canada: FB3-7/2017-5E-PDF

"This note summarizes the Bank of Canada’s annual reassessment of potential output growth, conducted for the April 2017 Monetary Policy Report. Potential output growth is projected to increase from 1.3 per cent in 2017 to 1.6 per cent by 2020. The lower estimate for potential output growth in the near term (relative to the 2016 assessment) largely reflects distinctly weak business investment over 2015 and 2016, as well as reallocation costs associated with the adjustment to lower oil prices. However, potential output growth improves throughout the projection as investment is expected to pick up, with an increasing share in productivity-enhancing machinery and equipment. Population aging will act as a drag on potential output growth, with a small offset coming from higher levels of immigration. An analysis of alternative scenarios suggests a range of potential output growth from ±0.3 percentage points in 2017 to ±0.5 percentage points in 2020"--Abstract, p. [3] of cover.

Permanent link to this Catalogue Record: What is a permanent link?
MARC XML Format   MARC HTML Format

Department/Agency Bank of Canada.
Title April 2017 annual reassessment of potential output growth in Canada
Series Title Staff analytical note = Note analytique du personnel,
Publication Type Series - View Master Record
Language [English]
Format Electronic
Electronic Document

Archived Content

Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact the authoring department to request a format other than those available.

We invite you to consult the Frequently Asked Questions page for additional information regarding the Archived Content notice.

Having trouble opening this document?

Note: The URLs contained in this/these document(s) may no longer be functional
Note Cover title.
Date c2017.
Number of Pages 21 p. :
Catalogue Number
  • FB3-7/2017-5E-PDF
Subject Terms Economic development, Productivity, Economic forecasting