Canadian Economy Will Dodge Recession but Experience Stagnant Growth in 2025, Says OECD

Canadian Economy Will Dodge Recession but Experience Stagnant Growth in 2025, Says OECD

Canada will escape a recession in 2025 by the skin of its teeth but its growth forecast and job market will be negatively impacted by the ongoing trade war with the United States, a new report predicts. An economic survey from the Organization for Economic Co-operation and Development (OECD) is forecasting a growth rate of 1 percent for this year, with a decline in economic activity expected in the second quarter of 2025 followed by stagnant gro…