Fares Bounajm is a Senior Economist in the Bank of Canada’s International Projection Division, where he contributes to the production and communication of the Bank’s international economic outlook. Prior to joining the Bank of Canada, he worked as an economist at The Conference Board of Canada. He is a CFA Charterholder and holds an MA in economics from McGill University.
This note presents the updated estimates of potential output growth for the global economy through 2021. Global potential output is expected to grow by 3.3 per cent per year over the projection horizon.