Are We In A Recession 2025 Canada. Using the monthly gdp figures, we cannot say the economy has entered technical recession. Canada may be likely to avoid a recession, but we won’t start recovering until the second half of 2025, according to deloitte.
While we expect a soft landing for the canadian economy in 2025, the outlook depends heavily on interest rates and inflation. Potential output growth in canada is expected to slow from about 2.4% in 2025 to around 1.9% on average over 2025 and 2026, unchanged from the july report.