Scotiabank anticipates that resilient but moderating growth in the U.S. and a recovery from a soft patch in Canada will keep central banks cautious. Persistent inflation risks, despite lower oil prices, are expected to delay policy easing.
Key Takeaways
- 1.Canada's economy is emerging from a soft patch, with GDP growth expected to reach 2.2% in 2027.
- 2.U.S. inflation remains persistent, prompting the Federal Reserve to maintain a cautious approach to rate adjustments.
- 3.Oil prices have declined from initial expectations but remain volatile due to ongoing geopolitical tensions.
Table of Contents
- United States: Moderating Growth
- Canada: Emerging from the Soft Patch
- Risks
- International
- Commodities
- North America
- Quarterly Forecasts
- Central Bank Rates
- Currencies and Interest Rates
- The Provinces
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Authors
Olivier GervaisPatrick PerrierFarah Omran
Themes
Geopolitical Risk PremiumMonetary Policy NormalizationPersistent Inflation
Regions
North AmericaCanadaUnited StatesMexico