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Recovery in North America: When, Where, and How?
Both Canada and the United States have suffered very weak economic growth since mid-2007. While Global Insight does not see recession for either country in 2008, both countries are expected to experience their weakest rates of growth since the early 1990s. Will both economies begin the recovery process by mid-2009? What actions will be needed to accelerate recovery? What will the early signs of recovery be? What are the key risks to recovery of the North American economies?
Nariman Behravesh will highlight the September 2008 forecast and analysis for recovery in the United States and global economy. How will the world economies adapt to higher energy prices and how and when can the United States recover from the triple whammy of financial turmoil, weak housing sector, and high oil prices?
Dale Orr will draw from the September 2008 economic forecast and analysis of the Canadian economy to explain the expected path of recovery for Canada and the key risks to that recovery. In particular, will the recovery include Ontario? What will the recovery imply for monetary and fiscal policy? Can Canada's recovery be maintained with our miserable productivity record?
George Magliano will discuss the decline in the Canadian economy that has been dominated by the very weak performance of the Canadian automotive sector. What will the impact of higher oil prices be on automotive production and sales in the short-run and the longer term? Might higher oil prices and Canada's stronger Canadian dollar forestall—or even prevent—recovery of the auto sector in Canada? The Outlook for the U.S. and Global Economies: Darkness before Dawn Nariman Behravesh, Chief Economist, Global Insight
Recovery in the Canadian Economy: Where, When, and How? Dale Orr, Managing Director, Canadian Macro Services, Global Insight
The Auto Sector: When Will It Recover and Is Canada Well Positioned? George Magliano, Director, North American Auto Research, Global Insight
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