Strong North American Economies

A growing economy means that there is even more room in the market to sell your goods or services. We’ve had a close vantage point for viewing the ups and downs of American, Canadian and global economies in recent years here at Speed Global Services.

Over the past few months, there has been moderate growth in many North American economies, and even moderate growth is helpful in the wake of global financial insecurities. As this article published by The Globe and Mail reports, Canada is actually poised to have some of the best economic gains of any Group of 7 (G7) country over the next year.

Economic outlooks for G7 countries have been released over the past week by the Organization for Economic Co-operation and Development (OECD), and Canada’s projected growth of 2.5 percent is second only to Great Britain among the G7 partner countries.

The United States is also projected to show some economic gains in the coming years. This year’s OECD forecast of 2.1 percent economic growth is sluggish compared to Canada’s, but next year’s prediction jumps up to 3.1 percent for America, leading some to speculate whether the time may be coming to reduce economic stimulus spending.

As the OECD economic forecasts show, many economists believe that much more growth is coming to North American markets when compared with their European and Asian counterparts. Economic growth will be seen in Germany, Japan and France, but none of those economies will grow by more than 1.5 percent. Italy’s economy is even expected to shrink by 0.4 percent, according to the OECD.

Knowing the strength of our North American economies as relative to the rest of the world is encouraging to us here at Speed Global Services. If you’re ready to join a rising tide of business growth, we can help you buoy your operations by finding new markets for your goods. We are a leader for shipping solutions in the United States and Canada.