Recession 2024 In Canada. Canada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, deloitte canada said in its economic outlook report. Gdp data shows that canada is currently in a mild recession but isn’t expected to be severe this year or next.
“the canadian economy is an outperformer in 2024, with growth of 0.9%,” it said. Typically, during a recession in canada, inflation would fall because canadians would spend less money.
