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China Techin World Affairs
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China's tech and pharma sectors are embracing AI for drug innovation and expanding mobile gaming via platforms like WeChat, while business leaders emphasize integration for global success at 'Summer Davos'.

Tariff uncertainty could cause ‘modest recession,’ new summer outlook warns

Global NewsWednesday, June 25, 2025 at 7:46:21 PM
Tariff uncertainty could cause ‘modest recession,’ new summer outlook warns
A new economic forecast from Deloitte suggests that Canada’s economy is on track for slow but steady growth—1.1% by the end of 2025, picking up to 1.6% next year. But there’s a catch: lingering uncertainty around tariffs could tip the scales toward a "modest recession," throwing a wrench into those modest gains.
Editor’s Note: Economic forecasts are like weather reports—they’re not set in stone, but they help us prepare. This one’s a mixed bag: growth is expected, but it’s fragile. If trade tensions flare up (think tariffs on imports or exports), that could stall progress and even nudge Canada into a shallow downturn. For everyday folks, it’s a heads-up—job markets, prices, and interest rates could feel the ripple effects.
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