Analysis by Region - North America - Canada

Analysis by Region - North America - Canada

While the Canadian economy proved resilient in Q1 2022 amid Omicron and tighter restrictions, a more hawkish Bank of Canada, spill over effects from the Russia-Ukraine war, and a correction in house prices are expected to slow growth later in the year and through 2023. We forecast GDP growth of 4.1% in 2022 (+3.9% previously) before weakening to 2.2% in 2023 (+2.5% previously).

Canada: Mounting headwinds to slow economic growth
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

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings