Showing posts with label zerohedge. Show all posts
Showing posts with label zerohedge. Show all posts

Monday, July 21, 2014

Consensus for 2014 US GDP Growth Down to 1.7%, What About Ontario's

I saw recently on Zerohedge the consensus for US GDP growth for 2014 is now down to 1.7% (the decline of -2.9% in the first quarter obviously didn't help). Surly Hamiltonian has been tracking Ontario GDP quite closely and weak US growth for 2014 can't help Ontario. Currently the 2014 Ontario budget document predicts 2.1% growth. That would seem to be in jeopardy. Perhaps what's more important is 2015 which could end up more of the same like in 2014. Currently the Ontario 2014 budget document predicts 2.5%, which is quite high for the last ten years. If US growth in 2015 ends up lower than what was predicted previously that would definitely affect Ontario and 2.5% would be an overestimation.

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.