Economy will ‘stall’ in months ahead: CIBC economist
Private sector forecasters say the economy will expand by as little as 3% this year
Real estate will play "a significant role" in the downturn for some provinces, BMO chief economist says
The bleak projections come as central banks around the world raise interest rates to tame inflation
The poor performance was the second consecutive quarter of economic contraction
Some banks expect third-quarter growth of about 1%
Organization warns against stimulative fiscal policy as governments move to cushion living standards
Recession now expected for Europe this year, U.S. in 2023
The slowdown was primarily driven by a sharp contraction in China, the OECD reports
The outlook doesn't qualify as a recession, but it will feel like one, report says