Sentences with phrase «near potential output»

Not exact matches

This means that, over the near term, potential output is likely to grow in the lower part of the range of estimates that the Bank presented in April.

Yes, the G7 output gap — the difference between actual output and economic potential — is shrinking as the U.S. economy has joined Germany, the UK and Canada in running near full capacity.

With the economy expected to resume above - potential growth in the near term, our expectation is that inflation will converge on 2 per cent as the output gap closes and the temporary effects of low oil prices and past exchange rate depreciation dissipate.

The weaker profile for business investment suggests that, in the near term, growth in potential output is more likely to be in the lower part of the Bank's range of estimates.