Will There Be A Recession In 2024 Canada. Canada’s gdp growth accelerated to 2.1% annualized in q2, driven by. As a result, canadians’ fears about a possible recession in 2024 have dropped since a year ago, though most canadians remain worried about the possibility, according to a recent leger survey conducted for ratesdotca.
The downside scenario sees a shallow recession in canada. While the economy should benefit from a more predictable environment, high interest rates will continue to weigh against more vigorous economic activity.