Recently published research from Business Monitor International, "Canada Business Forecast Report Q2 2014", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 02/17/2014 -- The ongoing theme for the Canadian economy is 'rebalancing'. The mix of growth will shift away from private consumption and toward net exports, as household balance sheets remain under pressure, and US demand picks up. Growth could well disappoint in 2014, however, and we are below consensus on the rate of economic expansion in both 2014 and 2015.
We are becoming somewhat concerned at the moribund recent performance of business investment, but expect an improvement in gross fixed capital formation going into 2014 and 2015, as the recovery in the US buoys corporate sentiment as well as external demand for Canadian exports going into 2014.
Among developed states, and in stark contrast to the neighbouring US, Canada has an enviable fiscal record. We see very limited risk of a Canadian fiscal crisis we see the federal budget balance returning to surplus by 2015-16.
View Full Report Details and Table of Contents
Major Forecast Changes
We have downgraded our 2014 real GDP growth forecast for Canada to 2.1% from 2.3%, and for 2015 to 2.3% from 2.5%.
Key Risks To Outlook
Downside Risks To Growth Forecast: Domestically, a hard landing for the housing market could push the Canadian economy into recession. Externally, a relapse in US growth would hit Canada's attempt at economic rebalancing particularly hard, as it would severely hurt demand for Canadian exports and damage corporate investment sentiment. A hard landing in China would cause a commodities collapse, further damaging Canadian terms of trade.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Country Reports research reports at Fast Market Research
You may also be interested in these related reports:
- Oman and Yemen Business Forecast Report Q2 2014
- Kuwait Business Forecast Report Q2 2014
- Chile Business Forecast Report Q2 2014
- Hong Kong Business Forecast Report Q2 2014
- Croatia Business Forecast Report Q2 2014
- Japan Business Forecast Report Q2 2014
- Hungary Business Forecast Report Q2 2014
- Botswana Business Forecast Report Q2 2014
- Brazil Business Forecast Report Q2 2014
- Cote d'Ivoire Business Forecast Report Q2 2014