<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 4: Consumption and output weaken until mid-2027</label>
    <description><![CDATA[Percentage change compared with the January projection, quarterly data

Sources: Bank of Canada calculations, estimates and projections]]></description>
    <link>https://www.bankofcanada.ca/?p=244345</link>
</groupDetail>
<seriesDetail>
<series id="SPEECH_MACK20250221_C4_S1">
<label>Consumption</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="SPEECH_MACK20250221_C4_S2">
<label>GDP</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2025-01-01"><v s="SPEECH_MACK20250221_C4_S1">0.0000</v><v s="SPEECH_MACK20250221_C4_S2">0.0000</v></o>
<o d="2025-04-01"><v s="SPEECH_MACK20250221_C4_S1">-0.2522</v><v s="SPEECH_MACK20250221_C4_S2">-0.9633</v></o>
<o d="2025-07-01"><v s="SPEECH_MACK20250221_C4_S2">-1.4826</v><v s="SPEECH_MACK20250221_C4_S1">-0.6003</v></o>
<o d="2025-10-01"><v s="SPEECH_MACK20250221_C4_S2">-1.9615</v><v s="SPEECH_MACK20250221_C4_S1">-1.0006</v></o>
<o d="2026-01-01"><v s="SPEECH_MACK20250221_C4_S1">-1.0073</v><v s="SPEECH_MACK20250221_C4_S2">-2.2218</v></o>
<o d="2026-04-01"><v s="SPEECH_MACK20250221_C4_S1">-1.2287</v><v s="SPEECH_MACK20250221_C4_S2">-2.3225</v></o>
<o d="2026-07-01"><v s="SPEECH_MACK20250221_C4_S1">-1.4969</v><v s="SPEECH_MACK20250221_C4_S2">-2.4656</v></o>
<o d="2026-10-01"><v s="SPEECH_MACK20250221_C4_S2">-2.6196</v><v s="SPEECH_MACK20250221_C4_S1">-1.7400</v></o>
<o d="2027-01-01"><v s="SPEECH_MACK20250221_C4_S2">-2.8227</v><v s="SPEECH_MACK20250221_C4_S1">-1.9317</v></o>
<o d="2027-04-01"><v s="SPEECH_MACK20250221_C4_S2">-2.9161</v><v s="SPEECH_MACK20250221_C4_S1">-2.0629</v></o>
<o d="2027-07-01"><v s="SPEECH_MACK20250221_C4_S2">-2.9411</v><v s="SPEECH_MACK20250221_C4_S1">-2.1185</v></o>
<o d="2027-10-01"><v s="SPEECH_MACK20250221_C4_S2">-2.8818</v><v s="SPEECH_MACK20250221_C4_S1">-2.1163</v></o>
<o d="2028-01-01"><v s="SPEECH_MACK20250221_C4_S1">-2.0658</v><v s="SPEECH_MACK20250221_C4_S2">-2.8493</v></o>
<o d="2028-04-01"><v s="SPEECH_MACK20250221_C4_S1">-1.9763</v><v s="SPEECH_MACK20250221_C4_S2">-2.7718</v></o>
<o d="2028-07-01"><v s="SPEECH_MACK20250221_C4_S1">-1.8844</v><v s="SPEECH_MACK20250221_C4_S2">-2.7207</v></o>
<o d="2028-10-01"><v s="SPEECH_MACK20250221_C4_S1">-1.7984</v><v s="SPEECH_MACK20250221_C4_S2">-2.6917</v></o>
<o d="2029-01-01"><v s="SPEECH_MACK20250221_C4_S1">-1.7278</v><v s="SPEECH_MACK20250221_C4_S2">-2.6758</v></o>
<o d="2029-04-01"><v s="SPEECH_MACK20250221_C4_S1">-1.6784</v><v s="SPEECH_MACK20250221_C4_S2">-2.6534</v></o>
<o d="2029-07-01"><v s="SPEECH_MACK20250221_C4_S1">-1.6465</v><v s="SPEECH_MACK20250221_C4_S2">-2.6182</v></o>
<o d="2029-10-01"><v s="SPEECH_MACK20250221_C4_S1">-1.6311</v><v s="SPEECH_MACK20250221_C4_S2">-2.5398</v></o>
<o d="2030-01-01"><v s="SPEECH_MACK20250221_C4_S1">-1.6294</v><v s="SPEECH_MACK20250221_C4_S2">-2.4272</v></o>
</observations>
</data>