Posthaste: No recession in 2023? At least one economist thinks it's possible
The Bank of Canada’s latest rate hike has other economics houses in the midst of revising their outlooks, too.
“But we’ve always forecast a mild and temporary contraction absent some of the other hallmarks of a recession,” he said. “For instance, we project employment growth will continue in the 1.5 per cent to two per cent year-over-year range by year-end and next year.
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'Unlikely to be the last': What economists are saying about the Bank of Canada rate hikeThe Bank of Canada raised interest rates 25 basis points to 4.75 per cent on June 7, surprising some economists. Read on for their thoughts.
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'Unlikely to be the last': What economists are saying about the Bank of Canada rate hikeThe Bank of Canada raised interest rates 25 basis points to 4.75 per cent on June 7, surprising some economists. Read on for their thoughts.
Read more »
'Unlikely to be the last': What economists are saying about the Bank of Canada rate hikeThe Bank of Canada raised interest rates 25 basis points to 4.75 per cent on June 7, surprising some economists. Read on for their thoughts.
Read more »
'Unlikely to be the last': What economists are saying about the Bank of Canada rate hikeThe Bank of Canada raised interest rates 25 basis points to 4.75 per cent on June 7, surprising some economists. Read on for their thoughts.
Read more »
'Unlikely to be the last': What economists are saying about the Bank of Canada rate hikeThe Bank of Canada raised interest rates 25 basis points to 4.75 per cent on June 7, surprising some economists. Read on for their thoughts.
Read more »