March 22, 2017 / 10:43 PM / 5 months ago

RPT-TABLE-Canada budget economic forecasts

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(Repeats earlier item with no change to text)

OTTAWA, March 22 (Reuters) - Private sector forecasts underpinning the federal budget released on Wednesday (in percent unless otherwise indicated):

2016 2017 2018 2019 2020 2021 2016–2021 Real GDP growth Budget 2016 1.4 2.2 2.2 2.0 1.9 – – 2016 Fall Update 1.4 2.1 1.8 1.8 1.8 1.9 1.8 Budget 2017 1.3 1.9 2.0 1.7 1.7 1.8 1.7 GDP inflation Budget 2016 0.9 2.4 2.1 2.1 2.1 – – 2016 Fall Update 0.6 2.2 1.8 2.1 2.0 2.1 1.8 Budget 2017 0.6 2.1 2.0 1.8 2.1 2.0 1.8 Nominal GDP growth Budget 2016 2.3 4.6 4.3 4.2 4.1 – – 2016 Fall Update 2.0 4.3 3.7 4.0 3.9 4.0 3.7 Budget 2017 2.0 4.1 4.0 3.5 3.8 3.8 3.5

Nominal GDP level (billions of dollars) Budget 2016 2,033 2,126 2,218 2,310 2,404 – – 2016 Fall Update 2,026 2,114 2,191 2,279 2,368 2,463 – Budget 2017 2,025 2,109 2,194 2,271 2,357 2,447 –

Difference between 2016 Fall update and Budget 2017

-1 -5 3 -8 -11 -16 -6

3-month treasury bill rate Budget 2016 0.5 0.7 1.6 2.4 2.7 – – 2016 Fall Update 0.5 0.6 1.0 1.6 1.9 2.4 1.3 Budget 2017 0.5 0.6 0.9 1.4 1.8 2.3 1.2

10-year government bond rate Budget 2016 1.6 2.3 3.0 3.4 3.6 – – 2016 Fall Update 1.2 1.6 2.1 2.5 2.8 3.3 2.2 Budget 2017 1.3 1.8 2.3 2.7 3.0 3.3 2.4 (Compiled by Ottawa budget newsroom)

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