Canada forecasts lower 2023 growth, possible ‘shallow recession’
CANADA could fall into a “shallow recession” this year, according to a worst-case scenario outlined in the government’s budget yesterday, but Ottawa is planning for a slightly brighter outlook.
Private sector economists surveyed by Ottawa forecast GDP ranging from a contraction of 0.2% to growth of 1.6%. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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