Canada’s Economy At a Standstill
Overall, Canada will see a real GDP increase of just 0.9 per cent in 2023 and a further 0.6 per cent in 2024.
- Overall, Canada will see a real GDP increase of just 0.9 per cent in 2023 and a further 0.6 per cent in 2024.
- With the money going towards fighting inflation nearing an end, governments have turned to more structural issues in the economy, notably building houses and supporting capital investment.
- A strong point for the global economy is that headline inflation has peaked in most major economies as supply shocks linked to the pandemic and war in Ukraine have subsided.
- The U.S. economy continues to outperform expectations despite highly restrictive monetary policy.