What are the main reasons for economists

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Question: Bank of Canada has raised its key interest rate six times in the current year to curtail high inflation in the country. Many economists are predicting that the next year 2023 would be a recession year.

What are the main reasons for economists to predict that the country can go into recession next year? If this scenario becomes true, what would be your recommendations for the government to fix this problem by using fiscal policy?

Reference no: EM133315668

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