This graph shows economic growth forecasts for 2012, 2013 and 2014 for Canada, the United States, the European Union, Japan, China and the global economy. Despite a greater-than-expected deceleration, growth in China and other emerging economies is expected to outpace growth in Western economies. These forecasts were produced by the Bank of Canada and published in the July 2012 Monetary Policy Report.
| Canada | US | EU | Japan | China | World | |
|---|---|---|---|---|---|---|
| 2012 | 2.10% | 1.90% | -0.60% | 2.50% | 7.80% | 3.10% |
| 2013 | 2.30% | 2.10% | 0.30% | 1.30% | 7.80% | 3.10% |
| 2014 | 2.50% | 3.00% | 1.30% | 0.90% | 7.80% | 3.50% |