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Weekly Commentary

Weekly Commentary


 

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Export Outlook By Industry - October 19, 2017

Last week’s Commentary launching EDC’s Global Economic Outlook emphasized that current or prospective exporters are at a decision point. In spite of continued geopolitical risks – including here in North America – and lingering structural weaknesses, our position is that a true global recovery is underway. And, if we’ve got it right, the conditions are ripe for these companies to seize some these nascent opportunities. EDC’s Global Export Forecast provides a sector-by-sector glimpse into where these opportunities might exist. First the growth story. After two years of moderating growth, the global economy will post a stronger showing in 2017-2018. Developed markets (DM) have turned a corner with the majors (US, Japan, Euro Area) all posting stronger performances. More promising for Canada’s exporters is that the US will accelerate further into 2018. In the emerging market (EM) space, we see an even stronger outlook. Of note in 2017 both Brazil and Russia are forecast to resume growth following two years of recession

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Peter G. HallPeter G. Hall
Vice-President and Chief Economist

Peter Hall joined Export Development Canada (EDC) in November 2004. With over 25 years of experience in economic analysis and forecasting, Mr. Hall is responsible for overseeing EDC's economic analysis, country risk assessment and corporate research groups. In addition to preparing strategic advice for senior management at EDC, Mr. Hall is a featured speaker at conferences, international roundtables and policy fora, and regularly appears in television, radio and print media commenting on the world economy and Canadian international trade issues. He produces a widely circulated print and video weekly commentary covering an eclectic range of current global economic issues.

Prior to joining EDC, Mr. Hall directed the economic forecasting activities of the Conference Board of Canada. Mr. Hall has served as president of both the Canadian Association for Business Economics, a 600-member national association of professional economists, and its largest local chapter, the Ottawa Economics Association. He has also been a volunteer board and committee member for two Ottawa area private schools. Mr. Hall has degrees in economics from both Carleton University and the University of Toronto.

 

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