Economists Downgrade Canada's 2026 Growth Forecast to 0.7% After Q1 Slump
By
Erik Hertzberg, Dana Morgan
Summary
A surprise economic slump at the start of the year has led forecasters to sharply downgrade Canada's 2026 growth outlook. Economists surveyed by Bloomberg now project just 0.7% GDP growth for the year after a first-quarter contraction, which would mark the weakest annual growth since 2015 (excluding the Covid-19 pandemic period).
Source
bskyEconomists Downgrade Canada's 2026 Growth Forecast to 0.7% After Q1 Slumpbloomberg.comKey quotes
· 2 pulledEconomists in a Bloomberg survey now see Canada's economy expanding just 0.7% this year after shrinking in the first quarter.
If it comes to pass, it would be the weakest yearly pace of growth since 2015, outside the Covid-19 pandemic.
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