North America Economic Tracker—Insights and Trends, Quarter 3, 2017

Uncertainty around Key Regional Trade Deal Constraining Economic Growth

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Canada’s economic growth rate slowed in Q3 2017 to 1.7% from the high of 3.7% in Q2 2017 due to decline in housing investment and shrinking exports. The uncertainty around the North American Free Trade Agreement (NAFTA) has halted the work around motor vehicle shipping, which has impacted exports. Trade within North America is also expected to decline due to the uncertainty around NAFTA. An overall fall in manufacturing output and oil and gas output further caused the economy to decline. In Q3 2017, the United States’ economy grew at 2.3% primarily driven by increased private consumption and private investment. Private consumption increased due to strong retails sales which was fueled by reconstruction acti

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North America Economic Tracker—Insights and Trends, Quarter 3, 2017North America Economic Tracker—Insights and Trends, Quarter 3, 2017North America Economic Tracker—Insights and Trends, Quarter 3, 2017




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