Wednesday, June 18, 2014
Falling US Federal Reserve Estimates of 2014 GDP Growth and Ontario.
Zerohedge had shown in this post, about the falling estimates of US GDP growth for 2014 by the Fed (Federal Reserve). With the US GDP growth rate being repeatedly revised down, what does that mean for Ontario? In my mind, Ontario's GDP growth estimates for 2014 should also be reduced, especially with what's going on in Iraq pushing up oil prices, weakening Ontario's consumers and taking away from Ontario's GDP growth with more expensive oil imports. I would also like to see a chart of estimates of the US GDP growth for 2015. Ontario's to for that matter.