Optimistic forecasts for early 2000

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OTTAWA, Ont. – Statistics Canada’s short-term economic forecast for the national economy is on the optimistic side, with slightly higher economic growth and international trade, a key component of carrier business, expected until February. Unemployment numbers are expected to remain steady while inflation drops slightly.

The mean forecast for inflation is 2.3 per cent for January and 2.2 per cent for February. Exports are forecast to hit $31.0 billion in January, compared to the $30.7 mark realized in November. Imports are forecast to reach the $28.1 billion mark; slightly higher than the $28.0 billion in import business realized in November.

The forecasters also anticipate that the unemployment rate will hover at about 7.0 per cent in January and February.

For more information, or to enquire about the survey’s methodology, contact Jamie Brunet at 613-951-6684, jamie.brunet@statcan.ca or fax 613-951-1572.

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