{"id":9237,"date":"2023-04-19T03:26:49","date_gmt":"2023-04-19T03:26:49","guid":{"rendered":"https:\/\/arabicfxadvisors.com\/english\/?p=9237"},"modified":"2023-04-19T03:26:51","modified_gmt":"2023-04-19T03:26:51","slug":"possibility-of-the-bank-of-canada-raising-its-growth-forecast-in-2023","status":"publish","type":"post","link":"https:\/\/arabicfxadvisors.com\/english\/possibility-of-the-bank-of-canada-raising-its-growth-forecast-in-2023\/","title":{"rendered":"Possibility of the Bank of Canada raising its growth forecast in 2023"},"content":{"rendered":"<p>The Bank of Canada is likely to raise its 2023 growth forecast. The BoC raised its 2023 growth forecast to 1.4%, up from the 1.0% it forecast in January, and said annual growth would reach 2.3% in the first quarter before averaging below 1.0% for the rest of the 2023 calendar year.<\/p>\n<p>The central bank stated in its quarterly monetary policy report that inflation should decline quickly to about 3% by mid-2023, but it will not reach the 2% target until the end of 2024, adding that \u201cquarterly growth is expected to be weak during the rest of the year, then it will gradually recover until 2024.\u201d<\/p>\n<p>The bank said potential output growth is expected to rise to 2.3% in 2023 from 1.4% in 2022 and lowered its growth forecast for 2024 to 1.3% from 1.8% in January, and said the economy would grow by 2.5% in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Canada is likely to raise its 2023 growth forecast. The BoC raised&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[373],"tags":[502],"class_list":["post-9237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news","tag-canadian-dollar"],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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