Is There Recession In Canada 2024. The canadian economy will begin 2024 still mired in recession as the lagged impact of higher interest rates continues to filter through. Tuan nguyen, economist with rsm canada, said in a note on friday that the economic strength in the first two quarters of the year will push the predicted recession.

As a result, canadians’ fears about a possible recession in 2024 have dropped since a year ago, though most canadians remain worried about the possibility,. “sometimes a recession is just a recession.” assuming a mild downturn in the u.s., the report forecasted 0.7% growth for the u.s.