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- Title
House Prices and Growth in North America.
- Abstract
The article presents a discussion on the economic conditions in North America. The two largest economies in North America began 2005 at a healthy pace: in the first quarter of 2005, the U.S. economy expanded by 3.7 percent on an annual basis, while Canada's gross domestic product grew by 3 percent. The U.S. economic growth continued to decelerate, with the most recent quarter being the fourth consecutive decline in growth since the first quarter of 2004. As has been the case for some time, gross domestic product growth in the region's largest economies is driven primarily by domestic demand.
- Subjects
NORTH America; ECONOMIC development; ECONOMIC trends; ECONOMIC indicators; GROSS domestic product; ECONOMIC history
- Publication
National Institute Economic Review, 2005, Vol 193, p18
- ISSN
0027-9501
- Publication type
Article