'Canada's economy ended 2022 with a thud:' What the economists are saying about GDP
“A far bigger concern,” said Stephen Brown of Capital Economics, was “the 27 per cent annualized slump in machinery and equipment investment.”
Monthly GDP contracted 0.1 per cent in December, although the national data agency released a flash estimate suggesting month over month growth in January rebound 0.3 per cent. “The latest monthly data do not suggest that the economy is in recession,” Brown said in a note on Feb. 28.Stephen Brown, Capital Economics
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