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Canada’s Economy Leads G-7 in Economic Growth

Canada’s economy is experiencing an upswing in 2017 and 2018. The International Monetary Fund (IMF), based out of Washington D.C., has released a report with estimates for the economy’s growth rate that puts Canada in the lead of the Group of Seven (G-7) countries. If you are contemplating a move to Canada, you can contact Canadian Visa Expert today for information about the application process.

2123523275_bf10e0ef17_oThe IMF has predicted an increase of a half percentage point in this nation’s gross domestic product for 2017, raising it to 3 percent. The United States of America only saw a 2.2 percent growth from 2016. Canada will not only be ahead of the United States in 2017, but they will advance to the top of all other Group of Seven countries, including Japan, Germany, Italy, the United Kingdom, and France. With this kind of economic growth, now is the time to immigrate to Canada and join the workforce. Contact Canadian Visa Expert today.

The Organization for Economic Co-operation and Development (OECD) joined the IMF with similar estimates on the economic outlook. They both showed that Canada would have the edge over the Group of Seven countries in 2017. Contributing to Canada’s positive financial standing was help from government spending and central bank guidelines.

Furthermore, the lessened burden of cheaper gas and oil prices aided in the economic upswing. The IMF’s 2018 report shows a moderate year-over-year growth rate of 2.1 percent. Although slightly lower than 2017, it is 0.2 percent higher than IMF’s July update and would only place Canada in the second spot of the G7 countries by 0.2 percentage points during 2018. If you are dreaming of a better life outside of your home country, choose Canadian Visa Expert for a custom-tailored pre-assessment for the Canadian immigration process.