Canadian Economy 2024 Predictions. As the effects of higher interest rates continue to spread through the economy, and with declines in energy prices and improved supply chains, inflation is projected to fall to. Inflation is expected to remain near the 2% target.
Inflation is expected to remain near the 2% target. We expect that potential output in canada will grow by 2.3% and 2.5% in 2023 and 2024, respectively, and average slightly below 1.7% by 2027 as population growth moderates.
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