Canada to lead G7 growth in 2017 says IMF

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The Associated Compel Posted: Jul 24, 2017 9:37 AM ET Last Updated: Jul 24, 2017 11:20 AM ET

The International Monetary Wealth expects Canada to lead the G7 for economic growth this year.

The IMF over its outlook for Canada as part of its latest world economic outlook update.

It now expects the Canadian husbandry to grow by 2.5 per cent in 2017, up from its April projection of 1.9 per cent.

IMF G7 ECONOMIC OUTLOOK

The IMF denotes it revised its 2017 outlook for Canada following strong growth in the outset quarter and indications of «resilient second-quarter activity.»

However, it trimmed its expectations for Canada for 2018 to 1.9 per cent compared with its earlier predict for 2.0 per cent.

The IMF says global economic growth is expected to be 3.5 per cent this year and 3.6 per cent in 2018, unchanged from the April prophesy.

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