What does 2024 hold for the Canadian economy?

Sure, here is the translation of the text "What does 2024 have in store for the Canadian economy?" into English:

What does 2024 have in store for the Canadian economy?

The Canadian economy is facing a number of challenges in 2024. These challenges include:

• Inflationary recession: The Canadian economy is currently on the brink of an inflationay recession. An inflationary recession occurs when economic growth slows, but inflation remains high. The Bank of Canada is trying to tame inflation by raising interest rates. However, this interest rate increase can lead to slower economic growth.
• Housing crisis: The Canadian housing market is currently in a state of crisis. Housing prices in Canada have risen sharply in recent years. This increase in prices has made it difficult for many people to afford to buy a home.
• Global inflation: Inflation is rising around the world. This increase in inflation is due to a variety of factors, including the war in Ukraine and disruptions in the supply chain. Global inflation can also have a negative impact on the Canadian economy.

Overall, it is expected that the Canadian economy will grow in 2024, but this growth will be slow. The Bank of Canada has forecast that Canada's gross domestic product will only increase by 1.2% in 2024. This figure is much lower than economic growth in 2023, which was 3.1%.

However, there are also factors that could help to improve the Canadian economy in 2024. These factors include:

• Population growth: Canada's population is growing. This population growth can lead to increased demand for goods and services and help to drive economic growth
• Trade with the United States: Canada is a major trading partner of the United States. The growth of the US economy can also help to drive economic growth in Canada.

Ultimately, it remains to be seen how the positive and negative factors mentioned above will impact the Canadian economy in 2024.

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