Canada lagging the global recovery, as U.S., Japan pick up speed, OECD

March 28, 2013

The following is published by the Canadian Press today.

Canada is expected to lag several other members of the Group of Seven industrial countries in the first quarter even as the global economy begins to rebound, the Organization for Economic Co-operation and Development said Thursday.

The international economic think-tank estimates that the Canadian economy will show growth of just 1.1% in the first three months of this year, much slower than the United States or Japan and below the G7 average.

However, it is expected to pick up steam and grow by 1.9% in the second quarter, slightly above the average.

The G7 countries — Canada, the United States, Japan, Germany, Britain, France and Italy — are expected to post an average growth rate of 2.4% in the first quarter and 1.8% in the second.

This article is available in its entirety on the Financial Post website at: http://business.financialpost.com/2013/03/28/canada-lagging-the-global-recovery-as-u-s-japan-pick-up-speed-oecd/.

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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