Ukraine Conflict Adds to Global Inflation

RBC Quarterly Macroeconomic Outlook

RBC Economics presents an in-depth analysis of the key drivers of economic activity in Canada and the US, including global factors that will affect near-term forecasts.

Key highlights

  • Supply chain pressures remain acute
  • Labour shortages are expected to outlast the virus
  • Wage pressures and labour shortages drive investment higher
  • Households have the ability to absorb higher interest rate costs


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RBC Economics (March 2022) Macroeconomic Outlook - March 2022