Moderate Growth Ahead for Ontario: LeClair

The transcript discusses economic forecasts, predicting moderate growth in the coming years. It highlights potential downsides, such as a growing deficit and the challenge of achieving a balanced budget by 2017-18. The forecast anticipates retrenchment in consumer spending and housing investments, leading to reduced revenue and increased spending pressures.

What is the expected economic trend in the coming years according to the forecasters?

• Stagnation

• Moderate growth

• Rapid growth

• Decline

By which year is a balanced budget anticipated?

• 2017-2018

• 2016-2017

• 2018-2019

• 2015-2016

What economic changes are expected to contribute to moderate growth in Ontario?

• Reduction in housing investments

• Increase in consumer spending

• Growth in manufacturing

• Rise in exports

What is the expected impact of moderate growth on budget revenue?

• Increase in revenue

• Fluctuating revenue

• No change in revenue

• Decrease in revenue

What additional financial challenge is anticipated alongside moderate growth?

• Higher inflation

• Spending pressures

• Rising unemployment

• Increased tax rates