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Macro - Country Economic Forecasts - Canada

Publisher Oxford Economics
Published Nov 14, 2023
Length 9 Pages
SKU # OFE18351032

Description

Macro - Country Economic Forecasts - Canada



Consumers and businesses are starting to yield to higher interest rates, and their full impact is building. The Canadian economy already slipped into a technical recession in Q2 and Q3 2023 according to preliminary GDP estimates by StatCan. We anticipate sharper contractions through Q1 2024 as the past 18 months of tighter monetary policy weaken demand. We forecast GDP to grow by 0.8% this year, before contracting by 0.4% in 2024, unchanged from last month.

Table of Contents

9 Pages
Canada: Shallow recession now underway expected to deepen
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
Background
Economic development
Structure of the economy
Balance of payments and Structure of trade
Policy
Politics

Pricing

Currency Rates
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