Economics
Startling Near-Halt to Economy Stokes Fear of Canadian Recession
- GDP growth of 0.1% could easily be revised into a contraction
- But jobs market remains robust enough to maintain growth
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Canada is on recession watch after its economy almost stalled at the end of last year.
Gross domestic product grew by just 0.1 percent in the fourth quarter, or 0.4 percent annualized, Statistics Canada said Friday. It’s a weak enough number that could easily be revised into a contraction as new data come in.