Canada Economic Podcast – August 2022
Tony Stillo, Director of Economics for Canada, and fellow Economist, Michael Davenport discuss the prospect of a recession in Canada and what a recession could look like in today’s unique post-pandemic landscape. Economic momentum is already decelerating, and the Canadian economy is likely in store for a period of very weak growth in the second half of 2022 and 2023. We still view a soft landing as the most likely outcome for the economy, but the landing strip is very narrow! We’re increasingly concerned that overly aggressive monetary policy tightening with highly indebted household and a deepening housing correction could push the economy into recession. A recession isn’t a done deal just yet, but we think chances of a downturn are elevated at 40%.
Tony Stillo
Director of Canada Economics
+1 (437) 690 0267
Tony Stillo
Director of Canada Economics
Toronto, Canada
Tony Stillo is the Director of Canada Economics at Oxford Economics. He leads the team responsible for preparing the macroeconomic forecast for Canada using Oxford Economics’ Global Economic Model, reporting on key data releases, as well as producing and presenting research on key issues affecting the Canadian economy. Prior to joining Oxford Economics in 2018, Tony spent much of his career at the Ontario Ministry of Finance where he most recently led a team responsible for economic modelling, forecasting and impact analysis.
Michael Davenport
Economist, Canada
+1 (437) 690 0266
Michael Davenport
Economist, Canada
Toronto, Canada
Michael is an Economist with a particular focus on the Canadian economy. He primarily supports the Director of Canada Economics in producing macroeconomic research and forecasts, monitoring the Canadian economy, and liaising with clients and the media.
Michael first joined Oxford Economics Canada as an Economic Research Analyst Intern in the Toronto office in early 2019 and has since been promoted to an Economist. Michael holds a Bachelor of Arts in Economics and Financial Management from Wilfrid Laurier University.
Tags:
Related Services
Service
Canada Macro Service
Comprehensive coverage of the Canadian economy, providing clients with all of the information they need to assess the impact of developments in the economy on their business.
Find Out More
Service
Canadian Province and Metro Service
Data and forecasts for Canadian provinces and metropolitan areas.
Find Out More
Service
Canada Provincial Territorial Model
A rigorous and comprehensive framework to develop forecasts, scenarios and impact analysis at the national, provincial and territorial levels.
Find Out More