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Macroeconomic Outlook

Rate-hiking cycle ending as recession edges closer

December 14, 2022

The Canadian economy continues to inch closer to a recession in 2023.

Brace for a 'bumpy' landing, Canada

September 12, 2022

We expect the coming downturn in Canada will be ‘moderate’ by historical standards. - RBC Economics

Growth opportunities narrow amid searing inflation and a scarcity of workers

June 7, 2022

With most restrictions lifted, the hard hit travel industry is poised for better than average growth.

Russian invasion and surging inflation take over as key global growth risks

March 10, 2022

The invasion of Ukraine is rocking financial markets, pushing commodity prices higher, and threatening further disruptions to already stretched global supply chains.

Inflation top concern for 2022, Covid variant casts shadow

December 2, 2021

We are optimistic about the outlook but risks remain elevated given the uncertain path of the virus. Base effects associated with reopening, rising commodity prices, policy stimulus and higher input costs have boosted inflation rates. - RBC Economics.

The long and winding road to recovery

September 13, 2021

The spread of the Delta variant and slow vaccination rates in many emerging economies created a detour in the road to recovery for the global economy.

Economic recovery shifts into higher gear

June 9, 2021

The outlook for the global economy improved over the past three months because of increased policy support and rising vaccination rates.

The Economic Eclipse

May 8, 2020

In its updated macroeconomic outlook, RBC Economics expects Q2 GDP to contract at a 40% annualized rate.

A Downturn Like No Other

April 9, 2020

In its latest macroeconomic outlook, RBC Economics calls for real GDP to contract at a greater than 30% annualized pace in the second quarter.

Canada's Economy Enters Uncharted Waters

March 24, 2020

As the economy has already entered a deep downturn, RBC Economics expects it will rival the worst year of the Great Recession.