CANADA

摘要

Canadian Economy Will Likely be Hit by US Woes Stock market upheaval and fears of a US recession spurred the Federal Reserve on an aggressive round of interest rate cuts at the end of January. Unsurprisingly, a deteriorating economic picture for the US has affected Canada's 2008 GDP growth outlook which has seen a downgrade from 2.1% last month to 1.8%. The economy was already on a slowing bent during Q4 last year, with output-based GDP growing by only 0.1 % (m-o-m) in November.