Browsing: Recession

According to Deloitte Canada's economic outlook report, Canada seems likely to avoid a recession even though it is facing ongoing pressure from higher interest rates.

New Zealand has entered its second recession within just 18 months. Official data revealed this on Thursday, as severe weather and efforts to control inflation had a heavy impact on the economy. StatsNZ reported that production decreased by 0.1 percent in late 2023, following a 0.3 percent drop in the previous quarter. New Zealand also experienced a decline in late 2022 […]