RBC Economics presents an in-depth analysis of the key drivers of economic activity in Canada and the US, including global factors that affect near-term forecasts.
Highlights
"Surging US economy has fewer than normal spillovers to Canada."
—RBC Quarterly Macroeconomic Outlook
- Global economic growth backdrop has shown signs of improvement
- Canada’s economy continues to underperform but rate cuts won’t spur growth until next year
- The US economy is showing signs of softening and the unemployment rate has edged higher
- GDP across the Euro Area and UK picked up in early 2024 after contracting during the last half of 2023
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