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Politics : Politics for Pros- moderated
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To: greenspirit who wrote (17888)11/27/2003 11:38:19 AM
From: Alastair McIntosh  Read Replies (1) of 793622
 
You seem to be confused by comparing the annualized 1.7% U.S. quarterly growth rate to the forecast annual Canadian growth rate. The latest forecast from the National Association for Business Economics is for a 3.0% growth rate for the U.S. for 2003. This should be the comparison for the 1.8% Canadian forecast.

nabe.com

Also, the Canadian growth rate was significantly higher than the U.S. rate every year from 1999 to 2002. However it is nice to see the U.S. catching up.


                                   1999  2000  2001  2002
Canadian Economic Growth Rate       5.1   4.5   1.5   3.4 
U.S. Economic Growth Rate           4.1   3.8   0.3   2.4


Maybe you could take an economic lesson from Canada after all.

This article is funny on a number of different levels. The first one is the 12 trillion dollar American economy grew by 8.2 percent and the poco Canadian economy is expected to grow by 1.8%. So, let's not go taking economic lessons from Canada.

Also, I doubt that the musings of the OECD will have much of an impact on the Bank of Canada's interest rate policy. The financial markets are predicting a 50% chance of a rate cut in Dec.
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