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2015 OECD Economic Outlook, Volume 2015 Issue 1

image of OECD Economic Outlook, Volume 2015 Issue 1

The OECD Economic Outlook  is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.

Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, chapters summarising developments and providing projections for each individual country, a special chapter on investment and a statistical annex.

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Canada

Growth is projected to slow to around 1½ per cent in 2015 before rebounding in 2016. The recent fall in oil prices has resulted in declines in related investment and GDP. However, substitution towards non-energy exports is underway, supported by the currency depreciation and stronger foreign-market growth. Non-oil related business investment should strengthen with a lag. Following recent weather-related weakness, consumption growth should pick up. With economic slack fully absorbed, inflation is projected to return to the 2% midpoint of the inflation target range by mid-2016.

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