Is a recession inevitable? An economist’s view

Guest: Philip Cross, senior fellow at the Macdonald-Laurier Institute

Many of the country’s top economists are predicting that a recession is coming, and it will hit harder and last longer than previously forecast. The Canadian housing market has been pegged as being one of the most distorted in the world and, while interest rates are rising in order to combat inflation, that has often led to a recession. What would a recession look like now and is it inevitable? Philip Cross, a senior fellow at the Macdonald-Laurier Institute and former chief economic analyst at Statistics Canada, joins “This Matters” to break down the indicators for us

This episode was produced by Alexis Green, Paulo Marques and Raju Mudhar.

Audio source: Bloomberg