The Fall Economic Statement (FES) is built on economic projections from multiple economists across the country. Those projections indicate real GDP growth will slow to around 0.3 per cent this year but suggest Canada will avoid a recession.
'I'm actually, in an appropriately humble way, really confident about Canada,' said Finance Minister Chrystia Freeland in an interview with Power & Politics. 'This is a challenging world but there is truly no country in the world that is better positioned to get through this uncertainty than our own.'
But all that uncertainty is weighing on the economy. For years now, the economic data have consistently surprised economists. So what if the feds' forecasts are wrong? The FES lays out what it calls a 'downside scenario.' It shows what would happen if the economy we
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