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OECD: Canada to lead G7 in economic growth over next 50 years | Economy | News | Financial Post

OTTAWA — The 21st century may not exactly belong to Canada, but according to a major world economic body the country is going to do pretty well.

In fact, the Paris-based Organization for Economic Co-operation and Development sees Canada among the world’s leading economic lights over the next 50 years.

In issuing its long-term view of how it expects world economies to unfold, the OECD says Canada will continue to lead the Group of Seven industrialized economies in average annual growth over the next half century.

 

And it will also be near the top on a per-capita basis — possibly a truer measure of success — with only Japan sneaking ahead.

 

The economic research organization, which represents most of the world’s biggest industrialized economies, predicts Canada’s real gross domestic product will average 2.2% growth in the next half century.

Of the other G7 nations, only the United States and the United Kingdom with 2.1% average advances come close.

See on business.financialpost.com

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