Canada headed for 'severe' and 'inevitable' recession in 2023: economist

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Canada headed for 'severe' and 'inevitable' recession in 2023: economist

Canada is headed for a 'severe' and 'almost inevitable' recession in early 2023, according to the head of economics at Macquarie Group, which states Canada will face an approximately three per cent contraction in gross domestic product and a five per cent rise in its unemployment rate during the...

www.ctvnews.ca

"We actually think it will be pretty severe in Canada," Doyle said. "I think the die has been cast on this front. Because inflation has become so elevated, and unemployment was allowed to fall so low, I think a recession is almost inevitable at this point."

Get ready boys and girls. I feel it will be a tough 2023.