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Accessing US market
By Humair Ishtiaq
Monday, 13 Jul, 2009 | 01:55 AM PST |
France
Canada
According to IMF’s latest update, Canada’s
economy will shrink less than previously predicted
in 2009 and grow more in 2010, helped by
commodity prices that have rebounded ahead of a
global recovery. The world’s eighth-largest
economy will contract 2.3 in 2009 and grow 1.6
per cent in 2010. The IMF had earlier predicted
the Canadian economy to shrink 2.5 percent this
year before rebounding to 1.2 per cent in 2010.
Real gross domestic product (GDP) declined 1.4
per cent in the first quarter, the largest quarterly
decrease since 1991. Both domestic and
international demand continued to weaken. Real
GDP fell 0.3 per cent in March. The declines in
February and March were less pronounced than
those in the preceding three months.
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hussainhzaidi@gmail.com