Independent Impartial Analysis

Ontario's Financial Accountability Office, providing fiscal and economic reporting and research to support the province.

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Economic and Budget Outlook: Assessing Ontario’s Medium-Term Budget Plan

Ontario’s economy grew at a solid pace over the past five years, with real GDP rising by 2.4 per cent per year on average. However, ongoing global uncertainty, a moderating US economy and rising interest rates are expected to slow Ontario’s economic growth over the next five years, with real GDP projected to increase at an average annual pace of 1.7 per cent during 2019 to 2023. Read More

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