New forecasts in the Bank of Canada MPR
The prior forecasts were in the October 24 MPR
2018 GDP 2.0% vs 2.1% prior
2019 GDP vs 2.1% prior
2020 GDP 2.1% vs 1.9% prior
Overall inflation expected to be below 2% for much of 2019 due to lower gas prices
Inflation will return to around 2% by late 2019 as transitory effects unwind
Shorter-term Canadian forecasts:
Global growth forecasts (largely unchanged):
