加拿大第四季度GDP萎缩0.6% 受库存下降拖累

Group 1 - The Canadian economy showed weak performance at the end of the year, with a significant decline in corporate inventories leading to a 0.6% decrease in the annualized real GDP for the fourth quarter [1][4][5] - Household spending, exports, and government capital expenditures partially offset the decline in corporate inventories, although the overall economic growth remains subdued [5][6] - The actual GDP growth for 2025 is projected at 1.7%, marking the slowest annual growth rate since the economic contraction in 2020, primarily due to the pressure from U.S. tariffs on Canadian exports [5][6] Group 2 - Preliminary estimates indicate that the real GDP for January remained flat, following a 0.2% increase in December, which was slightly above economists' expectations of 0.1% [2][6] - Despite the pressures from the trade war, household consumption and government spending, particularly defense spending, have shown resilience, providing some counterbalance to the economic challenges [2][6] - Analysts suggest that the weakness in the fourth quarter was entirely due to inventory factors and does not reflect underlying economic momentum, with ongoing trade and tariff uncertainties likely to continue affecting the economy [2][6]