Economists forecast end to ‘technical recession’, mild growth

Economists forecast end to ‘technical recession’, mild growth

Economists forecast end to ‘technical recession’, mild growth A survey of economists by Bloomberg predicts that the Canadian economy will grow by 2 per cent in the third quarter and 2.1 per cent in the fourth following a 0.8 per cent decline in the second. The growth will end the technical recession of two consecutive quarters of negative growth. The official figure for the second quarter will be released in September. The experts say that the recession has been very mild but with weakness in the economy they expect the BoC to hold interest rates at 0.5 per cent well into next year.