IMF sees hope for Canadian, global economies despite a challenging year ahead

OTTAWA — The Canadian and global economies will continue struggling to maintain momentum this year, but in a relatively hopeful new outlook, the International Monetary Fund says it sees light at the end of the tunnel.

The IMF now expects Canada’s economy will expand by a modest 1.8 per cent this year — two-tenths of a point weaker than it forecast three months ago — and by 2.3 per cent in 2014, off one-tenth of a point.

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