Is Canada Going Into A Recession 2024

Is Canada Going Into A Recession 2024. Oxford believes the recession started in canada in the third quarter of 2023 and will continue until the second quarter of 2024, resulting in a 1.1 per cent peak to trough decline in gross domestic product. But as high interest rates continue to take a bite out of household finances and business spending, could that.

“the soft landing that we all hoped for — where inflation falls back to 2 percent without triggering a recession — is on the horizon,” jason furman writes for u.s. And global economies have beaten expectations, canada’s economy has struggled to grow, and it appears that it will continue to do so through much of 2024.