Canada budget forecasts ‘soft landing’ in 2024, avoiding recession ...Middle East

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OTTAWA — Canada is expecting a “soft landing” this year and will avoid a recession due to slightly improved growth despite relatively high-interest rates weighing on the economy, the government’s federal budget said Tuesday. Economists surveyed by the government “expect the economy to avoid a recession,” it said, forecasting growth of 0.7 percent this year and 1.9 percent in 2025 — compared to 0.5 percent and 2.2 percent forecast in a November economic statement. With rising costs of living vital to most Canadians, Finance Minister Chrystia Freeland’s budget presented a slew of new social spending to ease the pain, while asking the wealthiest to pay more in capital gains taxes to help off

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Last updated : 18 April 2024 clock 02:56 AM

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Canada budget forecasts ‘soft landing’ in 2024, avoiding recession ...Middle East

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