Yes. Our assessment is that the decline in oil prices from the middle of last year would raise U.S. GDP by the end of 2016 by about one percentage point.
On March 12th, 2015. See this statement in context.
On March 12th, 2015. See this statement in context.
March 12th, 2015 / 9:20 a.m.
Deputy Chief, Canadian Economic Analysis, Bank of Canada
Yes. Our assessment is that the decline in oil prices from the middle of last year would raise U.S. GDP by the end of 2016 by about one percentage point.
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