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How Does the Current Economic Downturn Compare to Previous Recessions?

How Does the Current Economic Downturn Compare to Previous Recessions?

Last updated: June 10, 2026 3:48 pm
By Matthew Horwood
0 Min Read
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How Does the Current Economic Downturn Compare to Previous Recessions?

A woman views the Toronto skyline from Sheldon Lookout during sunrise on Nov. 5, 2021. The Canadian Press/Evan Buhler

News Analysis

While some economists view the current economic slowdown as mild compared with past recessions, they warn that stagnant per capita GDP and rising debt have left Canada in a weaker position to weather deteriorating economic conditions.

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