One thing that concerns economists and policymakers about these ups and downs (commonly called the business cycle) is how close current output is to an economy’s long-term potential output. That is, ...

The Bahamas is highly vulnerable to the effects of climate change, including gradual sea level rise, biodiversity loss, and intensifying hurricanes. Together, these challenges threaten to undermine ...

This note contains the Bank of Canada’s 2024 staff assessment of potential output in Canada. Between 2023 and 2027, potential output growth is expected to average around 2% annually. Relative to the ...

This note presents the annual update of Bank of Canada staff estimates for growth in global potential output. These estimates serve as key inputs to the analysis supporting the April 2024 Monetary ...

Potential is talent before you can see it ... Many people feel like they’re working at full capacity, but when you measure actual output, it turns out they’re just spinning their wheels.