The OECD has downgraded its forecast for the Canadian economy citing weak oil and commodities sectors as a major factor.
The OECD has downgraded its forecast for the Canadian economy citing weak oil and commodities sectors as a major factor. The organisation’s latest outlook is for a 2.2 per cent growth this year, down from the 2.6 forecast in November; and 2.1 per cent growth in 2016, down from 2.4 per cent previously. The US forecast is unchanged while the OECD expects many countries in Europe and Asia to benefit from lower energy and materials costs.
