Canadian Economic Review and Outlook, 2012-2014
Tuesday, January 22, 2013
For the Canadian economy and its manufacturing sector, 2012 was a difficult year. Global headwinds and a weak domestic economy led to disappointing economic performance. For the manufacturing sector, growth rates, sales, and employment were feeble. Nevertheless, there is confidence that 2013 will bring positive news. The MAPI industry forecasting model suggests that recovery will be stronger in 2013 and 2014, especially for durable goods industries. Anticipated 2013 growth leaders include motor vehicles and machinery industries. Projected annual GDP growth for 2013 is above 2 percent; there is great uncertainty, however, and improvement of the U.S. economy will definitely contribute to reaching these growth rates.
The MAPI Foundation
Manufacturing executives, policymakers, the media, and the association community rely on the MAPI Foundation’s unbiased research, forecasting, and rich analyses to gain unbiased insight into the challenges and opportunities facing the manufacturing sector. Our highly respected economists and business analysts use proprietary models to generate regular forecasts for global manufacturing activity. They also produce data-driven policy analyses that provide insights into major topics influencing manufacturing competitiveness, including energy, tax, the labor market, global trade, innovation, and regulations. Our team regularly delivers keynote presentations at major industry events and board meetings, and for major media outlets we serve as a trusted expert on the manufacturing economy.
The foundation is the research affiliate of the Manufacturers Alliance for Productivity and Innovation. Founded in 1933, MAPI contributes to the competitiveness of U.S. manufacturing through professional development and executive education. Rather than lobbying, we leverage our position as a thought leader to raise awareness of what U.S. manufacturing needs to remain innovative, productive, and best in class.