Macro - Country Economic Forecasts - Canada

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.

Canada: Slowdown underway, economy to narrowly avoid recession
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk evaluation
risk warnings
What to watch out for
Exposure to Key global risks
Long-term prospects
Economic development
Structure of the economy
Balance of payments and Structure of trade

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