The Canadian Chamber of Commerce recently issued a report entitled The U.S. Economy—Poised to Shift Into Higher Gear.
While the U.S. economic recovery remains slow four years after the recession ended, some of the headwinds that have held back the economic recovery—low consumer confidence, a weak job market, a severely depressed housing market and tight credit conditions—have diminished, setting the stage for stronger growth over the second half of 2013 and in 2014.
Improving economic conditions south of the border should stimulate demand for Canadian exports and will be positive for Canada’s business sector confidence, supporting stronger investment and expansion of productive capacity here at home.
This is the latest installment in the Economic Policy Series by Tina Kremmidas, Chief Economist of the Canadian Chamber of Commerce.