Global Macro Service > Research Briefings > Canada

Larger workforce will give long-run potential output a boost

While our short-term GDP outlook remains subdued around 1% for the rest of this year and next, we have revised up our projection for Canada’s long-term economic growth. Potential output growth is now forecast to average 1.5% annually through 2050, up from 1.3% previously, largely reflecting stronger expected growth in the supply of labour.

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