Economic growth forecast puts Ottawa on pace for pre-election surplus The private sector average released Monday forecasts real gross domestic product growth of 2.2 per cent in 2014, followed by 2.5 per cent in 2015, 2.5 per cent in 2016 and 2.3 per cent in 2017. Nominal GDP, which includes inflation, is projected at 4.3 per cent in 2014, 4.3 per cent in 2015, 4.5 per cent in 2016 and 4.4 per cent in 2017. in teachingwith canadaeconomy