Chance Of Recession In 2025 Canada. Most economists define a recession as two consecutive quarters of decline in a country’s real gdp. We expect gdp to remain below trend in part due to canada’s stalled population growth following the recent reduction of immigration targets, although a boost from household.

As of january 2025, global recessionary fears eased slightly — down to 46% from 53% in 2024. Canada’s not (technically) in a recession.