Potential output

• December 12, 1997

  Potential output growth: Some long-term projections

  Bank of Canada Review - Winter 1997-1998 John Kuszczak, Richard Dion

  This article examines factors that have affected the growth of potential output since the 1950s and presents three possible scenarios for its growth in the future. The authors conclude that there will be a marked slowing in the future growth of potential output as a result of slow population growth and a reduction in labour force participation as the population ages.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Potential output