April 09, 2019
The IMF cut Canada's growth outlook — but Deloitte says its forecast is still too optimistic
Despite the short-term slowdown, Canada is poised to benefit from the trade dispute between the world’s two most powerful economies
Canada’s growth prospects are bleaker than they were at the start of 2019, according to the International Monetary Fund’s latest outlook, which lands amid speculation over whether a global recession is coming.
The IMF cut its growth estimate for Canada to 1.5 per cent in 2019, down from its previous estimate of 1.9 per cent growth in January, according to the World Economic Outlook report published Tuesday.
Canada is not alone in the expected slowdown. In fact, the IMF cut its overall global growth forecast to 3.3 per cent for 2019, down from its prediction of 3.5 per cent in January and a dip from global growth of 3.6 per cent in 2018. Growth peaked at about 4 per cent in 2017.
mobilityView Predicts 90% Likelihood Of Recession In Canada By End of 2019
We have already commented last year on the likelihood of this occurring and we are increasing the probability of the pundits.
Should there there be a minority government as a result of the election in the October (or sooner) … the likelihood is 100% in Recession by Q1 2020.
What does this mean for our wireless industry:
- Increased pressure on B2B pricing
- Increased prices for retail users to offset
- The total elimination of any form of subsidy on the hardware (B2B & B2C)
- Massive layoffs in the wireless industry (B2B in particular)
- Operator Dealers under increasing pressure as residuals and commissions get slashed
How do our Operator & Operator Dealer partners get ahead of the curve? Do what your customers are doing – Digitally Transform and change the status quo
In supposed economic boom times their customers were changing things up; why aren’t you fundamentally changing how you do business?
The IMF cut Canada's growth outlook — but Deloitte says its forecast is still too optimisticBack