Moderate Growth Ahead for Ontario: LeClair

The transcript discusses economic forecasts, predicting moderate growth in the coming years. It highlights potential downsides, such as a growing deficit and the challenge of achieving a balanced budget by 2017-18. The forecast anticipates retrenchment in consumer spending and housing investments, leading to reduced revenue and increased spending pressures.

What do forecasters believe will happen beyond the initial growth period?

What are the expected spending pressures mentioned in the text?