Canada: Staff Report for the 2003 Article IV Consultation
Volume/Issue:
Volume 2003
Issue 033
Publication date: February 2003
ISBN: 9781451806892
$20.00
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Topics covered in this book
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Business and Economics , Medical , Banks and Banking , Inflation , Public Finance , Health Policy , ISCR , CR , headline CPI inflation , inflation expectation , report update , core inflation , hike , Ontario government , composite index , Health care , Inflation , Budget planning and preparation , Productivity , Global , North America
Summary
This 2003 Article IV Consultation highlights that Canada’s strong policy framework has brought impressive economic results, and the Canadian economy has proven exceptionally resilient in the face of the recent global downturn. Economic activity slowed relatively modestly in 2001, with only one quarter of output decline recorded, and growth recovered strongly thereafter, averaging 4 percent over the subsequent four quarters. Household consumption and residential investment have remained robust. Household and business demand was supported by sustained productivity growth, rapid growth of employment and labor incomes, and gains in real estate prices.
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