LÉVIS, QC, Dec. 17, 2013 /CNW Telbec/ - According to the latest forecasts by the Desjardins Group Economic Studies' team, Canada's economy is
expected to grow 1.7% in 2013. A 2.3% gain is expected for 2014 and
2015 should end with real GDP growth of 2.6%.
Quebec's real GDP growth should rise by 1.8% in 2014. Quebec's economy
will only return to a cruising speed of over 2.0% in 2015, at 2.1 %,
the best performance since 2010. Ontario should see its real GDP rise
2.1% in 2014 and 2.7% in 2015, as the improving U.S. economy should
stimulate international exports.
Economic growth has slowed since 2010 in both industrialized and
emerging countries. This trend should change in 2014, leading to
slightly accelerating growth. Given that inflation is weak, monetary
policies could remain expansionary, even if economic growth
accelerates. It is thus difficult to envision key rate hikes in the
United States and Canada before September 2015.
You can read the full study on the Desjardins Website.
About Desjardins Group
Desjardins Group is the fifth largest cooperative financial group in the world with
assets of $210 billion. To meet the diverse needs of its members and
clients, Desjardins offers a full range of products and services
through its extensive distribution network, online platforms and
subsidiaries across Canada. The group has one of the highest capital
ratios and credit ratings in the industry, and outranks all American banks as the fourth safest
and strongest bank in North America according to Global Finance magazine and Bloomberg News respectively. In keeping with their cooperative nature, Desjardins Caisses' surplus
earnings are reinvested into the communities they serve.
SOURCE: Desjardins Group
For further information:
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514-281-7229 or 1-866-866-7000, ext. 7229
Vice-President and Chief Economist
514-281-7322 or 1-866-866-7000, ext. 7322
Senior Director and Deputy Chief Economist
514-281-7009 or 1-866-866-7000, ext. 7009