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The IMF expects global economic growth to fall from 3.5% in 2022 to 3.0% in 2023 and 2.9% in 2024, well below the historical (2000-19) average of 3.8%. Most of the growth slowdown is expected to come from advanced economies, with estimated growth going from 2.6% in 2022 to 1.5% in 2023 and 1.4% in 2024.
- Q3 2022
After experiencing a mild technical recession in the first...
- Q3 2022
Oct 23, 2024 · Credit market borrowing in mid-2024 was over 50% below levels observed in early 2022 when interest rates were beginning to rise. The ratio of household credit market debt to disposable income continued to edge lower in the first half, declining from 176.7% in the first quarter to 175.5% in the second (Chart 10).
Oct 25, 2023 · Economic growth stalls as consumers rein in spending Real gross domestic product (GDP) was essentially unchanged in the second quarter of 2023 after expanding 0.6% in the first. Smaller inventory buildups and continued declines in housing investment weighed on economic activity, while increases in non-residential business investment and government spending supported growth (Chart 1).
After experiencing a mild technical recession in the first half of 2022, growth in the United States (U.S.) increased to 2.9% in Q3. An increase in exports, consumer and government spending, and non-residential investment drove Q3 growth. Housing investment continued to subtract from growth.
Nov 30, 2023 · Statistics Canada reported Thursday that the country's gross domestic product shrank by 0.3 per cent. Exports fell by 1.3 per cent and imports declined by 0.2 per cent. Household spending was flat ...
Sep 6, 2023 · Q3 2023 Macroeconomic snapshot: Consumer spending weakness emerging. Signs that the Bank of Canada’s (BoC) past interest rate increases are having their intended impact are beginning to emerge. GDP growth in Q2 slightly contracted, underlying inflation trends are pointing in the right direction, and the balance between supply and demand for ...
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Nov 30, 2023 · The economic contraction in Q3 was sharper than most were expecting. StatCan itself had said in early estimates that real GDP likely dropped 0.1 per cent last quarter, while the consensus of ...
