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Statistics Canada reports increase in GDP by an annualized rate of 1%, beating expectations

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Growth has now topped 2% for six straight quarters, defying fears that high interest rates would lead to a recession

Global growth

Asian countries are expected to drive global growth again in 2024 and 2025

  • By: IE Staff
  • February 5, 2024 February 5, 2024
  • 14:01
canadian money

Economic bounce back at the end of 2023 could push back rate cuts, economists say

Collection of Euro bills

The eurozone grew 0.5% for the full year, while the U.S. grew 2.5%

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Manufacturing, wholesale trade, real estate were among sectors that contracted

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The agency says figures for the first nine months of 2023 have already surpassed the total growth in any other full year

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Soft landings are in sight for Canada and the U.S., according to outlook reports from Scotiabank and BMO

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Economists expect Bank of Canada to remain on hold amid economic weakness

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The organization projects that recessions will be avoided "almost everywhere"