Statistics Canada reports increase in GDP by an annualized rate of 1%, beating expectations
Growth has now topped 2% for six straight quarters, defying fears that high interest rates would lead to a recession
Asian countries are expected to drive global growth again in 2024 and 2025
Economic bounce back at the end of 2023 could push back rate cuts, economists say
The eurozone grew 0.5% for the full year, while the U.S. grew 2.5%
Manufacturing, wholesale trade, real estate were among sectors that contracted
The agency says figures for the first nine months of 2023 have already surpassed the total growth in any other full year
Soft landings are in sight for Canada and the U.S., according to outlook reports from Scotiabank and BMO
Economists expect Bank of Canada to remain on hold amid economic weakness
The organization projects that recessions will be avoided "almost everywhere"