North America Economic Tracker—Insights and Trends, Quarter 4, 2017

Strong Growth Momentum despite Uncertainty Around Regional Trade Agreement

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Economic growth rate in North America increased to 2.2% in 2017 from 1.5% in 2016. Canada and the United States were among the top countries among advanced economies with GDP growth of 3.0% and 2.2% respectively, in 2017. The region’s manufacturing sector contracted by 1.2% while food & beverage registered a strong growth of 4.6%. In 2017, The United States’ historical tax reform cutting down corporate tax rate to 20% from the current 35% is expected to boost investment, attract FDI and increase job opportunities in the economy. This will boost the country’s economy projected to grow at 2.3% in 2018. Canada’s economic growth rate is expected to slightly reduce to 2.1% annual growth in 2018, as the curre

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North America Economic Tracker—Insights and Trends, Quarter 4, 2017North America Economic Tracker—Insights and Trends, Quarter 4, 2017North America Economic Tracker—Insights and Trends, Quarter 4, 2017




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