Canada Economy Forecast 2024. Overall, the bank forecasts gdp growth of 1.2% in 2024, 2.1% in 2025, and 2.3% in 2026. Between 2023 and 2027, potential output growth is expected to average around 2% annually.

Our growthnow estimate for the third quarter of 2024 shows that the canadian economy is still trying to get back on track. Core inflation is expected to ease gradually, while the path of cpi.