External and energy sector shocks are now having a clearer negative impact on advanced economy growth
Report states it will take more than 10 years to bring the budget into balance unless the federal government raises taxes or cuts spending
Oil prices will likely remain below US$50 a barrel until the end of 2017
Weakness in the resource sector tempers employment, confidence and household spending
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