Softening economy – December 2023
Inflation may be improving, but our Chief Economist Eric Lascelles finds more evidence this month that the economy is weakening – and possibly heading for a recession.
- Bond yields falling over the past month.
- Decrease in rate of U.S. hiring.
- The Canadian productivity rate being stagnant for six years.
On the plus side, he explores a possible technological boom, lead by generative AI.