Is Canada Going Into A Recession 2024. — bnnbloomberg.ca spoke with economists who said they are expecting a downturn in early 2024 followed by a rebound later in the year if the bank of canada. — the first is that it usually takes about a year and a half for the full impact of interest rate changes to get absorbed into the economy.
It’s almost universally accepted that rate cuts are coming, but when. — even if the economy doesn’t plunge into a deep, prolonged recession, the year ahead is still going to be painful for many households, economists say.