Recession 2024 Canadaschool

Recession 2024 Canadaschool. Bnnbloomberg.ca spoke with economists who said they are expecting a downturn in early 2024 followed by a rebound later in the year if the bank of canada starts to cut interest rates. In addition, 82 per cent of respondents nationwide said they believe canada is in a recession.

Various headwinds such as structural imbalances in housing markets and spillovers from geopolitical tensions. For months, the economy has stagnated.