Recession 2024 Canada What To Expect. While the economy should benefit from a more predictable environment, high interest rates will continue to weigh against more. The first theme is a moderate recession followed by a muted recovery.

With expectations that the bank of canada has additional rate cuts in store for 2024, rbc’s forecast has real gdp per capita turning positive once more in 2025 as. Bnnbloomberg.ca spoke with economists who said they are expecting a downturn in early 2024 followed by a rebound later in the year if the bank of canada starts to cut interest rates.