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Headwinds mount, dragging down the outlook for the world's major economies

A global network of investment points

The organization expects the global economy to expand 3% in 2022, down from the 4.5% it predicted in December

Raise and fall of business indicators green and red arrows

Long-running decline needs policy attention, BMO says

This picture says the development of economy, successful, and achievement

The BoC is likely still on track for an oversized rate hike on Wednesday

Financial business chart and economic development

Output turned negative in several major economies amid supply challenges

European Union headquarters

Inflation in the 19 countries that share the euro currency hit 7.5% in April

chips

Statistics Canada reported the arts, entertainment and recreation sector added 8.4% to its GDP

Business chart with rising arrow and falling arrow

Most economists expect a rebound this quarter as solid hiring and wage gains sustain growth

Closeup of woman hand holding a fuel pump at a station.

Pandemic proves GDP activity still closely tied to carbon emissions, Fitch says

usiness investment opportunities on a global scale

Weaker U.S. demand will outweigh commodity trade benefits for Canada