“Meh,” probably isn’t a technical economics term.
Still, it pretty much sums up the Organization for Economic Co-operation and Development’s (OECD) forecast for Canada’s economy for at least the next couple of years.
Could be worse, could be way better. Mostly, it’ll be “meh.”
The Paris-based OECD (essentially the membership organization of the world’s developed countries) said Monday our GDP growth will be OK– not great, but not a recession, either. Employment growth will be slow, so will any rise in incomes, but at least unemployment shouldn’t increase and inflation won’t be out of control.
All-in-all, Canada’s economy will be, well, “meh.”