Canada enters recession after GDP declines for second consecutive quarter
While the country’s real gross domestic product by expenditure was essentially unchanged on a quarter-over-quarter basis, its annualized rate resulted in a decline of 0.1 per cent in real GDP.
Canada entered a technical recession, as economic growth saw its second consecutive decline after the first quarter of this year, according to the latest data from Statistics Canada.
While the country’s real gross domestic product by expenditure was essentially unchanged on a quarter-over-quarter basis, its annualized rate resulted in a decline of 0.1 per cent in real GDP for the first quarter.
