IMF upgrades Canada's forecasted economic growth to 1.3% in 2022 and 2.4% in 2025, making it the fastest G7 economy in 2025.
The International Monetary Fund (IMF) has upgraded its forecast for the Canadian economy, projecting it to grow by 1.3% this year and by 2.4% in 2025. For 2025, Canada is projected to be the fastest growing economy among the G7 and other advanced economies, with the U.S. economy ranking second at 1.9% and the U.K. third at 1.5% growth. The IMF's global growth projection remains the same at 3.2%.
July 17, 2024
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