Morgan Stanley chief economist Stephen Roach unveiled his 2007 forecast today and enumerated five chief risks to his outlook.Roach’s forecast calls for a 3.8% increase in world GDP growth in 2007 — down slightly from an upwardly revised 4.1% increase for 2006 (versus its previous estimate of 3.8%). “On the surface, these are pretty impressive […]
Consumer spending and residential construction will contribute less to growth in 2006 and 2007
Exposure to commodity prices, close ties to the U.S. leave Canada vulnerable, IMF says
3.2% growth for 2006
Economy has forward momentum
Job losses will trim 0.5% from GDP in 2005 second half
GDP forecast for 2006 trimmed to 2.6%
Economy to grow by 3.4% in 2006
But rates could decline in late 2006, economists say
Higher energy prices will curb consumer spending