The Ministry of Finance today released the Ontario Economic Accounts for the first quarter of 2007, which confirm that Ontario has returned to more healthy levels of growth.

The Ontario economy performed solidly in the first three months of 2007 with real Gross Domestic Product (GDP) up 0.7%, matching its growth rate in the previous quarter.

The increase in real GDP was due mainly to a sharp jump in net trade as exports grew faster than imports.

Personal disposable income increased 1.6%, following a 1.3% increase in the previous quarter.