Economy grew by 2.5 per cent in 2014

Economy grew by 2.5 per cent in 2014

Economy grew by 2.5 per cent in 2014 The latest figures from StatsCan show that real GDP grew by 2.5 per cent in 2014 after rising 2 per cent in 2013. Fourth quarter growth was 0.6 per cent (third quarter was 0.8 per cent) and monthly growth for December was 0.3 per cent. Household spending on durable, semi-durable and non-durable goods all increased. Outlays on services were also higher. Exports of goods and services fell 0.4 per cent after increasing 2.2 per cent in the previous quarter. Exports of goods were lower, while those of services were higher. Imports were up 0.4 per cent.