The Hill Times
The Parliamentary Budget Office has projected that economic growth will “remain sluggish through 2024” due to restrictive monetary policy, and that the budgetary deficit is projected to rise to $46.8-billion in 2023-24 from $35.3-billion in 2022-23, something which economic experts say the government could have been better handled when the economy was stronger.
We do see a little bit of improvement in 2025, but that’s based on the assumption that interest rates will have started coming down around the middle part of this year.” “If we're wrong in that assumption, then we'd have to dial back our growth outlook for next year a little bit,” said Porter. Two years into the pandemic, the global supply chain continued to “sputter and break down,” according to an analysis from the World Economic Forum.
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