{
    "terms": {
        "url": "https://www.bankofcanada.ca/terms/"
    },
    "groupDetail": {
        "label": "A global trade conflict reduces Canadian GDP growth",
        "description": "Impact on real GDP growth relative to a no tariff scenario, annual average growth\n\nBank of Canada calculations, estimates and projections",
        "link": "https://www.bankofcanada.ca/?p=243335"
    },
    "seriesDetail": {
        "MPR_2025M01_TRADE_OUTPUT_S1": {
            "label": "Benchmark calibration",
            "description": "",
            "dimension": {
                "key": "k",
                "name": "Category"
            }
        },
        "MPR_2025M01_TRADE_OUTPUT_S2": {
            "label": "Larger decline in US demand for Canadian exports",
            "description": "",
            "dimension": {
                "key": "k",
                "name": "Category"
            }
        },
        "MPR_2025M01_TRADE_OUTPUT_S3": {
            "label": "Lower tariff pass-through to consumer prices",
            "description": "",
            "dimension": {
                "key": "k",
                "name": "Category"
            }
        },
        "MPR_2025M01_TRADE_OUTPUT_S4": {
            "label": "Faster tariff pass-through to consumer prices",
            "description": "",
            "dimension": {
                "key": "k",
                "name": "Category"
            }
        }
    },
    "observations": [
        {
            "k": "Year 1",
            "MPR_2025M01_TRADE_OUTPUT_S1": {
                "v": "-2.40"
            },
            "MPR_2025M01_TRADE_OUTPUT_S2": {
                "v": "-3.00"
            },
            "MPR_2025M01_TRADE_OUTPUT_S3": {
                "v": "-2.20"
            },
            "MPR_2025M01_TRADE_OUTPUT_S4": {
                "v": "-2.40"
            }
        },
        {
            "k": "Year 2",
            "MPR_2025M01_TRADE_OUTPUT_S1": {
                "v": "-1.50"
            },
            "MPR_2025M01_TRADE_OUTPUT_S2": {
                "v": "-1.10"
            },
            "MPR_2025M01_TRADE_OUTPUT_S3": {
                "v": "-1.20"
            },
            "MPR_2025M01_TRADE_OUTPUT_S4": {
                "v": "-1.40"
            }
        },
        {
            "k": "Year 3",
            "MPR_2025M01_TRADE_OUTPUT_S1": {
                "v": "0.00"
            },
            "MPR_2025M01_TRADE_OUTPUT_S2": {
                "v": "-0.10"
            },
            "MPR_2025M01_TRADE_OUTPUT_S3": {
                "v": "0.10"
            },
            "MPR_2025M01_TRADE_OUTPUT_S4": {
                "v": "0.30"
            }
        }
    ]
}