- 10 In our discussion, we noted some initial signs that global economic growth is beginning to level off, as expected. In particular, we noted a recent improvement in global business investment and trade as well as stabilization in manufacturing purchasing managers’ indexes. We continue to expect that global growth will edge higher over the next couple of years.
We noted that central bank actions have been supporting financial markets and that prices in many markets have been reflecting an easing of concerns about the possibility of a global recession. However, it is clear that trade conflicts remain the biggest risk to the Canadian and global economies and the related uncertainty is continuing to dampen exports and growth.