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Economic Viewpoint

A Recession Seems Likely in Canada and Other Countries

August 25, 2022
Jimmy Jean, Vice-President, Chief Economist and Strategist, Randall Bartlett, Senior Director of Canadian Economics, and Hendrix Vachon, Principal Economist

After more than two years of the COVID-19 pandemic, sustained high inflation has forced many central banks to aggressively hike interest rates. But bringing inflation to heel won’t be easy. Today’s inflationary pressures stem in part from factors that are beyond central banks’ control.

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