Slowing growth in China, the strong greenback, and weakness in commodities have dampened global demand for North American industrial products
But growth is expected to accelerate slightly in 2017 as countries that are currently in economic distress see conditions improve
Oil prices could fall further in the first half of 2016
BlackRock Institute outlook sees mixed results in the U.S. and a boost to Japanese and European stocks in the year ahead
China looks most likely to muddle through rather than land hard
The bank's forecasts of 1.8% growth in Canadian GDP in 2016 and 2.3% in 2017 remain unchanged
Weak commodity prices, will contribute to lower growth in emerging markets
Benjamin Tal, deputy chief economist at CIBC World Markets Inc., predicts that volatile oil prices will clip investment for at least two years. He discusses Canadian and U.S. interest rate risk, and the outlook for commodities.
Scotiabank report forecasts GDP growth accelerating to 2.3% in 2017
Lower commodity prices weigh on economy