Canada forecasts lower 2023 growth, possible ‘shallow recession’

OTTAWA  -Canada could fall into a “shallow recession” this year, according to a worst-case scenario outlined in the government’s budget on Tuesday, but Ottawa is planning for a slightly brighter outlook. Private sector economists surveyed by Ottawa forecast gross domestic product ranging from a contraction of 0.2 percent to growth of 1.6 percent. The government … Continue reading Canada forecasts lower 2023 growth, possible ‘shallow recession’