Macro - Country Economic Forecasts - Canada
The economy is likely in store for a period of very weak growth in H2 2022 and 2023. We still believe a contraction in output can be narrowly avoided, but odds of a recession are very high at 40%. We've lowered our GDP growth forecast 0.2ppts to 3.2% in 2022 and 0.1ppts to 1% in 2023.
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