Economy seen growing, but global risks loom

TORONTO (Reuters) – Canada will likely see a second year of modest economic growth in 2012, but is highly vulnerable to turmoil in Europe, the United States and elsewhere, some of Canada’s top economists predicted on Thursday. The country, which fared better than most major Western economies in the global financial crisis, could also lag U.S. growth for the first time since the recession. But economists with Canada’s biggest banks warned forecasting is tougher than usual given uneven global growth, the impact of ultra-low interest rates and foreign political uncertainty. …