Gloomy Canadians Worried About Recession in 2020, Survey Shows

Posted by David Logan

Date: December 11, 2019

By Theophilos Argitis

Dec 10, 2019

(Bloomberg) Canadians are nervous the nation’s economy is veering toward a recession next year.

In a survey for Bloomberg News by Nanos Research Group, 56% of Canadians said there’s at least a “somewhat likely” chance a recession will hit in 2020 — a sentiment broadly held across regions, gender and age. Only 34% said a recession is unlikely, with 10% unsure.

It’s a bleak assessment of Canada’s prospects that’s consistent with other data showing a

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