Assessing global potential output growth: April 2025 https://www.bankofcanada.ca/?p=246055 Euro area United States China Emerging-market economies Other regions Difference in potential output growth between the two scenarios Potential output: Scenario 1 Potential output: Scenario 2 Potential output growth (April 2024 Monetary Policy Report) Trend labour input: Scenario 2 Trend labour productivity: Scenario 2 Trend labour productivity: Difference in growth between the two scenarios Potential output: Scenario 1 Potential output: Scenario 2 Potential output growth (April 2024 Monetary Policy Report) Artificial intelligence Region-specific Tariff and uncertainty impact in Scenario 1 Impact from additional tariffs in Scenario 2 Scenario 1 Scenario 2 Trend labour input Trend labour productivity: Scenario 2 Trend labour productivity: Difference in growth between the two scenarios Potential output: Scenario 1 Potential output: Scenario 2 Potential output growth (April 2024 Monetary Policy Report) Potential output growth Immigration policy Artificial intelligence (AI) GDP and non-AI-related investment Trade-related impact Column base for formatting purposes Trend labour input Trend labour productivity: Scenario 2 Trend labour productivity: Difference in growth between the two scenarios Potential output: Scenario 1 Potential output: Scenario 2 Potential output growth (April 2024 Monetary Policy Report) Trend labour input Trend labour productivity: Scenario 2 Trend labour productivity: Difference in growth between the two scenarios Potential output: Scenario 1 Potential output: Scenario 2 Potential output growth (April 2024 Monetary Policy Report) Trend labour input Trend labour productivity: Scenario 2 Trend labour productivity: Difference in growth between the two scenarios Potential output: Scenario 1 Potential output: Scenario 2 Potential output growth (April 2024 Monetary Policy Report) 0.190.291.091.260.400.003.203.203.200.612.630.003.233.233.190.521.330.001.851.851.820.31.30.01.51.51.6-0.547.130.006.596.596.490.902.900.003.803.803.80 0.190.311.071.320.400.003.303.303.300.642.650.003.293.293.250.411.570.001.991.991.930.21.20.01.51.51.7-0.566.870.006.306.306.201.003.000.004.004.003.90 0.160.331.051.330.400.003.303.303.200.682.590.003.273.263.170.341.800.002.142.142.010.31.00.01.31.31.3-0.596.570.005.995.995.751.102.900.004.004.003.90 0.100.301.000.570.230.002.202.202.100.521.680.002.212.212.070.351.650.002.002.001.780.40.40.00.80.80.8-0.626.080.005.455.455.230.900.800.001.701.701.60 0.110.310.981.010.280.002.702.702.600.612.070.002.682.682.600.481.560.002.052.051.780.70.20.00.90.91.0-0.635.940.005.315.315.111.101.900.003.003.003.00 0.130.360.921.100.220.002.702.702.700.702.020.002.722.722.660.741.650.002.402.401.990.90.10.01.01.00.9-0.675.680.005.005.004.751.202.000.003.203.203.30 0.130.400.891.230.340.003.003.002.900.712.290.003.003.002.941.001.720.002.722.722.290.90.20.01.11.11.3-0.735.480.004.764.764.581.302.300.003.603.603.60 0.130.400.861.300.380.003.103.103.000.712.370.003.083.082.980.851.860.002.712.712.320.70.40.01.11.11.2-0.755.330.004.584.584.281.502.300.003.793.793.90 0.120.340.821.270.360.043.003.003.000.602.390.073.043.002.990.511.800.102.412.322.160.50.50.01.11.01.1-0.645.040.014.414.404.091.302.500.103.933.894.10 0.110.260.781.280.340.203.002.802.900.462.320.202.982.782.930.351.390.522.261.742.080.20.70.11.00.91.1-0.604.780.044.224.183.921.102.700.203.973.794.10 0.110.280.751.300.340.132.902.802.900.402.420.152.952.812.890.351.530.362.241.882.100.00.90.11.00.91.1-0.574.570.034.024.003.761.002.900.104.023.904.10 0.110.320.721.340.350.022.902.900.332.550.022.902.890.411.750.062.212.152.06-0.21.20.01.01.00.9-0.574.440.003.873.863.590.803.200.004.004.004.00 0.050.02-0.02-0.120.00-0.10 0.150.06-0.02-0.330.20-0.10 0.03-0.10-0.01-0.09-0.10-0.20 0.03-0.06-0.01-0.070.00-0.10 0.060.27-0.03-0.030.300.30 0.00-0.10-0.03-0.11-0.10-0.20 0.000.10-0.04-0.110.100.00 2.1129 -0.34011.7727 0.12920.05590.18361.7727 0.09480.06122.1416 -0.02062.2771 2.2771 -0.29911.9779 1.9779