Deloitte Canada forecasts Canada to avoid recession and recover in H2 2024 despite higher interest rates.
Deloitte Canada predicts Canada will likely avoid a recession and begin recovering in the second half of 2024, despite ongoing downward pressure from higher interest rates. Worrisome trends include sticky inflation, rising business insolvencies, and increasing mortgage delinquencies. However, based on its current trajectory, Canada appears poised to skirt a recession and recover in the second half of 2024.
April 01, 2024
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