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"
Consumer spending puts economy on track for 5.2% annual growth, up from 4.9% estimated last quarter
StatsCan's preliminary estimate for Q3 suggested the economy shrank at an annualized rate of 0.1%
The result came amid higher prices and interest rates