Canada Enters Technical Recession As Q1 GDP Flatlines, Missing 1.5% Forecast

Canada’s economy flatlined in the first quarter, delivering a result so far below expectations that it tipped the country into a technical recession, Statistics Canada reported May 29. Annualized real GDP fell 0.1%, a miss of 1.6 percentage points against economists’ consensus forecast of 1.5% growth. Two consecutive quarters of negative real GDP growth meet […] The post Canada Enters Technical Recession As Q1 GDP Flatlines, Missing 1.5% Forecast appeared first on the deep dive.