GDP results for June and second quarter to be released Friday by StatCan
Economists are expecting fresh data will show growth rebounded sharply in the second quarter of the year when Statistics Canada publishes new gross domestic product figures Friday.
StatCan is scheduled to release updated GDP statistics for June and the second quarter on Friday. Economists anticipate that the Canadian economy experienced a significant rebound in growth during the second quarter of the year. According to a Reuters poll, the economy is projected to have expanded at an annualized rate of 3.4 percent during this period.
RBC economists concur, projecting that GDP will surpass the three percent mark for the second quarter as the country recovers from temporary setbacks in growth from the prior three months. In May, StatCan had reported a slight decline in real GDP for the first quarter, sparking discussions about the potential occurrence of a recession at the beginning of the year.
Economists will be scrutinizing the revised data to determine whether the economy indeed started 2023 with a mild contraction.
Written by urgent.news from Global News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- StatCan set to report Q2 GDP results after surprise Q1 contraction winnipegfreepress.com
- GDP results for June and second quarter to be released Friday by StatCan globalnews.ca
