Stuart Bergman

Vice-President and Chief Economist
Export Development Canada

 

Global Export Forecast: Trade growth slows sharply

The outlook for global and Canadian trade is more subdued than has been the case over the last year and a half. While some sectors may be positioned for opportunity in a post-pandemic world, risks to our base-case forecast are tilted to the downside. Slowing consumer demand in North America, a challenging winter for energy security in Europe, aggressive central bank tightening and financial market contagion could weaken the export outlook significantly.

Against this backdrop, and with global growth expected to fall to 2.2% in 2022 and reach only 2.6% in 2023, prospects for Canadian exports are projected to be equally lumpy.

Checkout this report for detailed insights and the significant risks and opportunities facing our exporters over the next two years.



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Date modified: 2022-10-27