Even with the economy recording a second straight quarter of negative GDP, many economists do not regard it as constituting a recession
High inflation contributed to consumer anxiety
However, the estimate for June points to a slowdown
Recession fears and geopolitical tensions among the factors that could drag down the price of crude
A better coverage ratio in 2020 was due partly to fewer workers during the pandemic
Both foreign and domestic investor activity slid sharply from record levels
Oxford Economics expects 0.5% Q2 growth, on annualized basis, in U.S. economy
Scotiabank's model forecast declines as supply issues dog sales in May
Jobless rate remains at record low, and below pre-pandemic levels in most countries
The think tank says it's not expecting an economic contraction in Canada, but the risks are creeping up