Better days to come for Quebec's economy, according to the DLI

Quebec's economy pace of growth might improve in the coming months based on the recent evolution of the Desjardins Leading Index for which data were published October 13.

World economy: modest growth, according to the IMF

The International Monetary Fund (IMF) published, October 4, its most recent World Economic Outlook. 2016, like 2015, will show a modest growth of the world economy. But, things might improve slightly in 2017.

http://www.imf.org/external/pubs/ft/weo/2016/02/index.htm

United States economy: at best, moderate growth in the coming months

Many forecasters believe that the pace of economic growth will accelerate in the United States in the coming months. But, the monthly and semestrial evolution of the leading economic indicators from the Conference Board signal, at best, a moderate growth.

Link to the September 22 press release from the Conference Board:
https://www.conference-board.org/data/bcicountry.cfm?cid=1

Canadian economy: scenario of moderate growth in the coming months

In its September 7 press release, the Bank of Canada indicated that:

"While Canada’s economy shrank in the second quarter, the Bank still projects a substantial rebound in the second half of this year."

What can we read about the canadian outlook from the leading economic indicators?

Leading indicators from the Macdonald-Laurier Institute, the Conference Board of Canada and the OECD all show that economic conditions will improve in the coming months.

Here is the graph from the September 8 OECD press release:

World economy: slow growth last August

The most recent PMI surveys from Markit Economics show that the world economy keeps expanding, but at a very slow pace. On the positive side, production and new orders growth improved slightly in August.

Link to Markit Economics September 5 press release:
https://www.markiteconomics.com/Survey/PressRelease.mvc/a99df28cccfa40b5b144152ba58ed899

GDP growth in the US for the second quarter of 2016

The Bureau of Economic Analysis will publish July 29 its first estimate of economic growth in the United States during the second quarter of this year. July 15, the New York Fed and the Atlanta Fed  calculate it respectively at 2.2%  and 2.4% (annualised rate), taking into account the most recent data published. GDP growth in the first quarter was estimated, at the end of June, at 1.1% (annualised rate) by the BEA.

Slow growth in Québec actually and in the coming months

The quasi-stagnation of the Desjardins Leading Index continues, according to the most recent analysis published July 14. That means that Quebec's economy grows slowly actually and will continue to grow at that pace in the coming months.


https://www.desjardins.com/ressources/pdf/ipd0716e.pdf?resVer=1464875179000