In a year that has seen many surprising political shifts, the International Monetary Fund’s global outlook, released in October, shows that worldwide economic growth is expected to slow to 3.1% in 2016, then increase to 3.4% next year.
The Liberal Trudeau government’s proposal to harness private investment dollars for public-works projects through a national infrastructure bank is being praised as a good first step, but the devil will be in the details, industry experts caution.