BMO sees pent-up demand driving an even better economic recovery
|National Post 07 Apr 2021 at 16:08|
The chief executive of Bank of Montreal says they see a rip-roaring recovery this year for both the economies of the United States and Canada, with the lender’s latest forecast improving over earlier calls.
“As the key areas of the economy reopen, we expect a release of pent-up demand, sparking real growth,” BMO CEO Darryl White said Wednesday in a speech at the bank’s annual meeting. “In the U.S., we’re forecasting GDP growth of 6.5 per cent this year, the strongest advance since the mid-1980s, and we’re projecting the same rate for Canada.”