Points: Percentage Points

points: Both estimates are 0.2 percentage points lower than an IMF outlook issued in July, according to Toronto Star. Among other things, it says Canada has been negatively affected by unexpected weakness in the United States — the world largest economy and a major market for Canadian goods and services. The IMF is now forecasting Canada gross domestic product will grow by 1.2 per cent this year and 1.9 per cent next year. The IMF revised estimate for the U.S. economy has been lowered by 0.6 percentage points to 1.6 per cent. Article Continued Below The Washington-based organization says the global economy faces subdued economic growth in the short and long term. It also lowering the 2017 estimate for the United States by 0.3 percentage points to 2.2 per cent. (www.immigrantscanada.com). As reported in the news.