The Big Story cover image

Is a recession coming, and how bad will it get?

The Big Story

00:00

Can Consumer Spending Be Powered by Savings From the Pandemic?

I've seen a couple of surveys and articles about Canadians planning to spend less on Christmas gifts. I would not expect to see the first signs of the recession in a sudden drop off in consumer spending. As those other things, you know, construction, business investment, financial, market, chaos, etc. start to take their toll, that's when you will see consumers raining back what they're buying. And then that reinforces the negative momentum of the whole economy.

Play episode from 20:07
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app