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Canada

Author

Listed:
  • Dobrescu Edith

Abstract

Canada's economy registered a strong recovery after the global financial and economic crisis of 2008-2009, which allowed it to cover loss of jobs caused by the recession and implement a public finance system based on sound bases, OECD experts underline. After a slowing in 2012 (1.7%), it was up slightly in 2013, to 2%, supported by private consumption and export growth. It is expected to boost economic growth to 2.5% in 2014 and 2.7% in 2015, following the revival of the US economy, which will boost Canadian exports and productive investment. Despite the generally positive outlook, it will need an extra effort to ensure strong and sustainable economic growth and to maintain a high level of welfare in Canada, appreciate Secretary General of OECD, Angel Gurria.

Suggested Citation

  • Dobrescu Edith, 2014. "Canada," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2014:id:2822000009585035
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