Strong growth acceleration before the legislative elections

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Canadian Prime Minister Justin Trudeau in Quebec City on August 19, 2019. – Jacques Boissinot / AP / SIPA

Canada's Gross Domestic Product (GDP) grew 3.7% in the second quarter on an annual basis, the country's national statistics institute said Friday. This is good news for Prime Minister Justin Trudeau within two months of legislative elections. After a sharp slowdown in growth at the end of 2018 and a sluggish recovery in the first quarter (+ 0.4%), analysts were expecting annual GDP growth of 2.9% for the second quarter of 2019. This rise more than expected was driven by the strong recovery in exports which, after declining in the previous two quarters, rose 3.7% between April and June.

Elections scheduled for 21 October

In the pre-election campaign, with a view to the October 21 election, Prime Minister Justin Trudeau obviously welcomed these figures: "When Canadians are trusted and invested in them, we get a strong, vibrant economy. growth, "he said on Twitter.

Trudeau is currently neck and neck in polls with his conservative opponent Andrew Scheer, a supporter of lower public spending to reduce the budget deficit to C $ 19.8 billion ($ 13.1 billion) in 2019/20 according to the latest Liberal government budget.



Source link
https://www.20minutes.fr/economie/2593411-20190831-canada-forte-acceleration-croissance-avant-legislatives

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