The Conference Board of Canada is out today with its forecast for growth of Canada’s regional economies. Not surprisingly, it believes growth will be strongest in the West while economic activity in Ontario and Quebec will slow, a result, it says, of trouble in the manufacturing sector.
Nationally, the Conference Board’s forecasters are looking for Canada’s real Gross Domestic Product (GDP) to grow 2.6 per cent this year and 2.8 per cent in 2008. Here’s their forecast.
| Increase in Real GDP (%) | |||
|---|---|---|---|
|
2007
|
2008
|
2009
|
|
|
NF
|
6.8
|
1.5
|
0.6
|
|
PE
|
2.4
|
2.0
|
2.0
|
|
NS
|
2.0
|
2.2
|
2.3
|
|
NB
|
2.2
|
2.2
|
3.4
|
|
QC
|
2.0
|
2.6
|
2.7
|
|
ON
|
2.4
|
2.6
|
3.2
|
|
MB
|
3.7
|
3.5
|
2.7
|
|
SK
|
4.3
|
2.8
|
2.6
|
|
AB
|
3.4
|
3.6
|
3.6
|
|
BC
|
2.6
|
2.8
|
3.1
|
|
CANADA
|
2.6
|
2.8
|
3.1
|