Canada Economic Outlook for 2023: How Bad Could a Likely Recession Be?

[Epoch-Times-Bot]

Canada Economic Outlook for 2023: How Bad Could a Likely Recession Be?

News Analysis
A trio of economy-related questions being asked as the calendar turns to 2023 are, how bad will the potential recession be, by how much will inflation come down, and will the Bank of Canada have to start cutting interest rates?
A recession for an open, medium-sized economy like Canada's seems unavoidable given that a full 4 percentage points of rate hikes in 2022 hasn't yet fully taken effect, and as RBC assistant chief economist Cynthia Leach points out—the United States, China, and the European Union, which represent half of the global gross domestic product, are already heading for recession or slow growth in 2023....

Source: Canada Economic Outlook for 2023: How Bad Could a Likely Recession Be?

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