2024 Recession Canada. Inflation has slowed dramatically, and the economy didn't actually slip into recession. Various headwinds such as structural imbalances in housing markets and spillovers from geopolitical tensions.
Despite these positive signs, canada’s economy is likely to remain “stuck in neutral” in 2024, deloitte said, particularly in the first half of the year, with real gdp growth coming in at. Canada may be likely to avoid a recession, but we won’t start recovering until the second half of 2024, according to deloitte.