Disinflation is anticipated to be a pressing economic issue in 2014, as the cost of goods and services fail to grow fast enough to support the economy. Healthy inflation is needed for stable economic growth, but consumers must also be prepared for rising interest rates when growth eventually picks up the slack.
Inflation and GDP are indicators of our economy’s health – but do you know how to interpret them? Here’s a quick crash course on knowing the numbers.
The Canadian economy could be in for a second recession, according to a Moody’s Analytics report. The culprits: record high levels of Canadian household debt, and little room for stimulus should the cost of borrowing go up.