Q8: What will Canadian GDP grow by in 2015?
Below 1%: 15%
Between 1% and 2%: 25%
Between 2% and 3%: 35%
Above 3%: 25%
(Definition Note: This question refers to the growth in real, expenditure-based GDP, as recorded in Statistics Canada CANSIM Table 380-0064)
According to estimates from the "Big Six Banks", Canada's GDP Growth Rate for 2015 is expected to be about 2.2%. I think this sort of forecast is not very useful; it is not much more accurate than just taking the long-term average GDP growth rate as an estimate. Historical data suggests suggests a base rate estimate of 16%-16%-31%-38%. I think that is a bit too optimistic, so I am weighting "1% to 2%" a bit more, and "above 3%" a bit less.
According to estimates from the "Big Six Banks", Canada's GDP Growth Rate for 2015 is expected to be about 2.2%. I think this sort of forecast is not very useful; it is not much more accurate than just taking the long-term average GDP growth rate as an estimate. Historical data suggests suggests a base rate estimate of 16%-16%-31%-38%. I think that is a bit too optimistic, so I am weighting "1% to 2%" a bit more, and "above 3%" a bit less.
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