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Canada’s expected GDP growth down 15% since last year: International Monetary Fund

TNC: 'The latest GDP outlook by the International Monetary Fund (IMF) projects that Canada’s economic growth will continue to lag.


'A global forecast released on Tuesday revealed that Canada’s GDP is expected to grow by only 3.9% – only slightly higher than the global average rate of 3.6%.


'The figure is 15% lower than 2021’s 4.6% projection by the IMF. At the peak of the pandemic, Canada saw a GDP contraction of 6.6% in 2020.'

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