{"id":78798,"date":"2024-01-04T14:41:16","date_gmt":"2024-01-04T19:41:16","guid":{"rendered":"https:\/\/theturtleislandnews.com\/?p=78798"},"modified":"2024-01-04T14:41:16","modified_gmt":"2024-01-04T19:41:16","slug":"rate-cuts-and-a-return-to-growth-what-deloitte-sees-on-the-canadian-economic-horizon","status":"publish","type":"post","link":"https:\/\/theturtleislandnews.com\/index.php\/2024\/01\/04\/rate-cuts-and-a-return-to-growth-what-deloitte-sees-on-the-canadian-economic-horizon\/","title":{"rendered":"Rate cuts and a return to growth: What Deloitte sees on the Canadian economic horizon"},"content":{"rendered":"

\u00a0By Rosa Saba THE CANADIAN PRESS TORONTO-The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, according to a new forecast by Deloitte Canada. The firm’s economic outlook predicts stagnant growth during the first half of the year as the effects of higher interest rates continue to work their way through the system. Deloitte Canada chief economist Dawn Desjardins said that while this could mean a technical recession, two quarters or more of negative GDP growth, it’s unlikely the Canadian economy will see the deep decline or labour market rout that typically accompany a true recession. “We have a pretty substantive recovery in our forecast,” she said. Momentum in the economy and the job market is poised to… <\/p>\n

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\u00a0By Rosa Saba THE CANADIAN PRESS TORONTO-The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, according to a new forecast by Deloitte Canada. The firm’s economic outlook predicts stagnant growth during the first half of the year as the effects of higher interest rates continue to work their way through the system. Deloitte Canada chief economist Dawn Desjardins said that while this could mean a technical recession, two quarters or more of negative GDP growth, it’s unlikely the Canadian economy will see the deep decline or labour market rout that typically accompany a true recession. “We have a pretty substantive recovery in our forecast,” she said. Momentum in the economy and the job market is poised to... <\/p>\n

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Log in here<\/a><\/div><\/div><\/div>","protected":false},"author":101363,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-78798","post","type-post","status-publish","format-standard","hentry","category-national-news","category-ticker","pmpro-level-required","pmpro-level-3","pmpro-level-2","pmpro-level-5","pmpro-level-4","pmpro-level-6","pmpro-level-7","pmpro-no-access"],"yoast_head":"\nRate cuts and a return to growth: What Deloitte sees on the Canadian economic horizon - The Turtle Island News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theturtleislandnews.com\/index.php\/2024\/01\/04\/rate-cuts-and-a-return-to-growth-what-deloitte-sees-on-the-canadian-economic-horizon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rate cuts and a return to growth: What Deloitte sees on the Canadian economic horizon - The Turtle Island News\" \/>\n<meta property=\"og:description\" content=\"\u00a0By Rosa Saba THE CANADIAN PRESS TORONTO-The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, according to a new forecast by Deloitte Canada. 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