<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>The US economy has a recession in Scenario 2</label>
    <description><![CDATA[US GDP growth, annualized percentage change, quarterly data

Note: The assumptions and scenarios were finalized on April 11, 2025.

Sources: United States Bureau of Economic Analysis and Bank of Canada calculations and estimates]]></description>
    <link>https://www.bankofcanada.ca/?p=245137</link>
</groupDetail>
<seriesDetail>
<series id="MPR_2025M04_US_GROWTH_S1">
<label>Scenario 1</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M04_US_GROWTH_S2">
<label>Scenario 2</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M04_US_GROWTH_S3">
<label>January Report</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2024-01-01"><v s="MPR_2025M04_US_GROWTH_S2">1.63</v><v s="MPR_2025M04_US_GROWTH_S1">1.63</v><v s="MPR_2025M04_US_GROWTH_S3">1.63</v></o>
<o d="2024-04-01"><v s="MPR_2025M04_US_GROWTH_S1">2.99</v><v s="MPR_2025M04_US_GROWTH_S2">2.99</v><v s="MPR_2025M04_US_GROWTH_S3">2.99</v></o>
<o d="2024-07-01"><v s="MPR_2025M04_US_GROWTH_S3">3.06</v><v s="MPR_2025M04_US_GROWTH_S2">3.07</v><v s="MPR_2025M04_US_GROWTH_S1">3.07</v></o>
<o d="2024-10-01"><v s="MPR_2025M04_US_GROWTH_S3">2.65</v><v s="MPR_2025M04_US_GROWTH_S1">2.44</v><v s="MPR_2025M04_US_GROWTH_S2">2.44</v></o>
<o d="2025-01-01"><v s="MPR_2025M04_US_GROWTH_S3">2.61</v><v s="MPR_2025M04_US_GROWTH_S2">0.63</v><v s="MPR_2025M04_US_GROWTH_S1">0.62</v></o>
<o d="2025-04-01"><v s="MPR_2025M04_US_GROWTH_S3">2.82</v><v s="MPR_2025M04_US_GROWTH_S1">1.63</v><v s="MPR_2025M04_US_GROWTH_S2">-0.31</v></o>
<o d="2025-07-01"><v s="MPR_2025M04_US_GROWTH_S2">-0.50</v><v s="MPR_2025M04_US_GROWTH_S3">2.04</v><v s="MPR_2025M04_US_GROWTH_S1">3.20</v></o>
<o d="2025-10-01"><v s="MPR_2025M04_US_GROWTH_S2">-1.49</v><v s="MPR_2025M04_US_GROWTH_S1">2.22</v><v s="MPR_2025M04_US_GROWTH_S3">1.97</v></o>
<o d="2026-01-01"><v s="MPR_2025M04_US_GROWTH_S1">2.07</v><v s="MPR_2025M04_US_GROWTH_S2">-0.12</v><v s="MPR_2025M04_US_GROWTH_S3">2.46</v></o>
<o d="2026-04-01"><v s="MPR_2025M04_US_GROWTH_S3">2.24</v><v s="MPR_2025M04_US_GROWTH_S1">1.76</v><v s="MPR_2025M04_US_GROWTH_S2">2.36</v></o>
<o d="2026-07-01"><v s="MPR_2025M04_US_GROWTH_S2">2.47</v><v s="MPR_2025M04_US_GROWTH_S1">1.80</v><v s="MPR_2025M04_US_GROWTH_S3">2.29</v></o>
<o d="2026-10-01"><v s="MPR_2025M04_US_GROWTH_S2">2.38</v><v s="MPR_2025M04_US_GROWTH_S1">1.70</v><v s="MPR_2025M04_US_GROWTH_S3">2.37</v></o>
<o d="2027-01-01"><v s="MPR_2025M04_US_GROWTH_S1">2.49</v><v s="MPR_2025M04_US_GROWTH_S2">3.12</v></o>
<o d="2027-04-01"><v s="MPR_2025M04_US_GROWTH_S2">2.82</v><v s="MPR_2025M04_US_GROWTH_S1">2.27</v></o>
<o d="2027-07-01"><v s="MPR_2025M04_US_GROWTH_S2">2.60</v><v s="MPR_2025M04_US_GROWTH_S1">2.14</v></o>
<o d="2027-10-01"><v s="MPR_2025M04_US_GROWTH_S1">2.09</v><v s="MPR_2025M04_US_GROWTH_S2">2.46</v></o>
</observations>
</data>