Yes, I think that for the next 12 months a realistic number is around 2% to 2.5%, with nominal GDP at about 3.5% to 4%. Anything beyond that will be too risky. Beyond that, a nominal GDP of roughly 5% is reasonable.
Deputy Chief Economist, CIBC World Markets
Yes, I think that for the next 12 months a realistic number is around 2% to 2.5%, with nominal GDP at about 3.5% to 4%. Anything beyond that will be too risky. Beyond that, a nominal GDP of roughly 5% is reasonable.
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