In Q4 2023, Canada's economy rebounded with a 1% growth rate, driven by exports and household consumption, avoiding recession despite higher interest rates and inflation.
Canada's economy rebounded in Q4 2023 with a 1% growth rate, driven by a rise in exports and modest household consumption, avoiding a recession despite higher interest rates and elevated inflation. GDP growth in Q4 followed a Q3 decline of 0.5% annualized, and all major export industries, including energy and automotive, contributed positively to the growth. However, housing and business investment declined during the quarter.
February 28, 2024
27 Articles