{"id":43312,"date":"2024-01-31T18:34:42","date_gmt":"2024-01-31T18:34:42","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/01\/31\/economy-picks-up-speed-what-that-means-to-the-bank-of-canada\/"},"modified":"2024-01-31T18:34:42","modified_gmt":"2024-01-31T18:34:42","slug":"economy-picks-up-speed-what-that-means-to-the-bank-of-canada","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/01\/31\/economy-picks-up-speed-what-that-means-to-the-bank-of-canada\/","title":{"rendered":"Economy picks up speed: What that means to the Bank of Canada"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<li class=\"breadcrumbs__item\">Economy<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">&#8216;It may soon be safe to say that the economy has dodged recession&#8217;<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Jan 31, 2024<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 24\u00a0minutes ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">3 minute read<\/span><\/p>\n<\/p><\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/canada-gdp-3-0131-ph.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=webp&amp;sig=vCKWAMNUKAvWYzDn-gEatg,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/canada-gdp-3-0131-ph.jpg?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=webp&amp;sig=Mwnk0Q_s8RVw_AAVL0d66A 2x\" type=\"image\/webp\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/canada-gdp-3-0131-ph.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=jpg&amp;sig=d-InsQM65DffaW3yafLzDQ,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/canada-gdp-3-0131-ph.jpg?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=jpg&amp;sig=9ZwLbo5w4NSUGtSIPJwvyA 2x\" type=\"image\/jpeg\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/canada-gdp-3-0131-ph.jpg?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=webp&amp;sig=5n1pXTYOe-ji2aFBU8yxFA,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/canada-gdp-3-0131-ph.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=webp&amp;sig=Vq_i_ViwIvLxFZTidg1ySQ 2x\" type=\"image\/webp\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/canada-gdp-3-0131-ph.jpg?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=jpg&amp;sig=F4Olcvah5HRnIpz9rVJxDg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/canada-gdp-3-0131-ph.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=jpg&amp;sig=5sumFH1PWv1G1bI7QcIYZw 2x\" type=\"image\/jpeg\"><source media=\"(max-width: 767px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/canada-gdp-3-0131-ph.jpg?quality=90&amp;strip=all&amp;w=288&amp;h=216&amp;type=webp&amp;sig=WYdmMRBCvBAEfzWjAgjFFQ,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/canada-gdp-3-0131-ph.jpg?quality=90&amp;strip=all&amp;w=576&amp;h=432&amp;type=webp&amp;sig=SlRzA2XwdbbiyqZCu0uwuw 2x\" type=\"image\/webp\"><\/source><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">Cargo containers are moved by trucks at a Port of Vancouver terminal. GHe growth came from goods-producing industries, including manufacturing and wholesale trade, which saw their biggest gains since January 2023. <\/span> <span class=\"credit\">Photo by Darryl Dyck<\/span> \/<span class=\"distributor\">The Canadian Press<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">Canada\u2019s gross domestic product grew by a stronger-than-expected 0.2 per cent in November and Statistics Canada issued a flash estimate for December growth of 0.3 per cent on Wednesday, suggesting the Canadian economy ended the year on a stronger footing than many expected. Economists are now projecting the economy reversed course to expand by 1.2 per cent on an annualized basis in the fourth quarter after contracting in the third. Here\u2019s what economists think the strong numbers mean for the economy and the Bank of Canada.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment1886737195455218142008763165442048\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" data-aqa=\"advertisement\" id=\"ad-2\" style=\"--desktopHeight:250px;--mobileHeight:600px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<div class=\"article-block article-block-bg article-content__sign-in-group hidden\" 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on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__anonymous\">\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<h2>Claire Fan, Royal Bank of Canada<\/h2>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">The GDP\u2019s upside surprise should be taken with a \u201cgrain of salt,\u201d said Claire Fan, an economist with Royal Bank of Canada.<\/p>\n<p>\u201cThe early GDP growth estimates however have been highly revision prone and other data has been softer,\u201d Fan said, referring to Statistics Canada\u2019s flash estimate for declining manufacturing sales for December, and falling hours worked, down in the fourth quarter for the first time since the second quarter of 2020.<\/p>\n<p>Fan argued the numbers are not as strong as they might appear given they were likely influenced by one-off gains, such as maintenance-related factory shutdowns and labour strikes.<\/p>\n<p>Even if Statistics Canada\u2019s numbers hold for November and December, something Fan is dubious of, she pointed out that a 1.2 per cent annualized gain in the fourth quarter would still translate into a contraction on a per capita basis \u2014 and would be the sixth consecutive such quarterly drop.<\/p>\n<p>\u201cOverall we continue to expect pressures from elevated interest rates to curb consumer demand, stalling growth in both output and inflation over the first half of 2024 before the BoC is expected to cut rates in June,\u201d Fan said.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot17 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-headlinenews background--primary-light-gradient\" aria-labelledby=\"FinancialPostTopStories2198534691862785632550281050849280\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_HeadlineNews\" data-widget=\"newsletter\">\n<div class=\"newsletter-new-story-page-template\">\n<div class=\"newsletter-widget__header__new-story-page\">\n<div class=\"newsletter-widget__banner__new-story-page\"><img decoding=\"async\" alt=\"Top Stories\" loading=\"lazy\" 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If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Top Stories will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_HeadlineNews\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment6907963756964286192216793489080320\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<h2>Douglas Porter, Bank of Montreal<\/h2>\n<p>Canada\u2019s economy has a lot more \u201cmomentum\u201d going into the new year than many expected, likely shredding estimates from BMO and the Bank of Canada for flat GDP in the fourth quarter, said Douglas Porter, chief economist at BMO Capital Markets.<\/p>\n<p>\u201cAssuming December\u2019s flash is close to accurate, there\u2019s simply much more momentum than widely expected heading into 2024,\u201d Porter said in a Jan. 31 note to investors, adding he believes the Canadian economy received a lift from strong growth in the United States.<\/p>\n<p>Data from last week showed the U.S. economy expanded 3.3 per cent, far outpacing estimates of two per cent.<\/p>\n<p>\u201cIt seems that the surprising resiliency in the U.S. economy is indeed spilling over into some sectors in Canada,\u201d Porter said, noting that November\u2019s gains were largely attributable to sectors that benefit from exports, such as manufacturing and resources.<\/p>\n<p>As for the Bank of Canada, Porter thinks these numbers take some of the pressure off the central bank to cut rates soon.<\/p>\n<p>\u201cThis solid result, after a long dry spell for growth, affords policymakers the ability to gently push back on easing chatter, as they wait for underlying inflation to come down further,\u201d he said.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment3157614147378149188547508300677120\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<section aria-labelledby=\"moreTopicLabel9156412988523828464040606296965120\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li class=\"more-topic__item\" data-carousel-item=\"\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Canada economy\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/01\/canada-gdp-2-ph.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=w8wLVaVlZ-hdSBHs6qELWQ\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/01\/canada-gdp-2-ph.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=sm0E2MZRka2XYVv12PsWNA\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/01\/canada-gdp-2-ph.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=w8wLVaVlZ-hdSBHs6qELWQ, https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/01\/canada-gdp-2-ph.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=mqLm7XoNcB-6T7V4FAxZXg 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/01\/canada-gdp-2-ph.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=cQQyL2FHR3NtTAOvzAHZcQ 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Canada&#8217;s economy grows more than expected<\/span><\/p>\n<\/li>\n<li class=\"more-topic__item\" data-carousel-item=\"\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"The Canadian dollar \" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/canadian-dollar-0125-ph.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=gBGQxbjWfxrylcjX7HgaKA\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/canadian-dollar-0125-ph.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=tmSpbVRQDyw-qyK8W7QsXg\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/canadian-dollar-0125-ph.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=gBGQxbjWfxrylcjX7HgaKA, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/canadian-dollar-0125-ph.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=wRB8KBO8U8FwSeGkDbKDEg 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/canadian-dollar-0125-ph.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=g-mMI5bxoiWeRRWj3uaOCQ 3x\" a=\"\" against=\"\" american=\"\" back=\"\" class=\"lazyload\" dollar=\"\" fade=\"\" height=\"96\" loading=\"lazy\" says=\"\" strategist.=\"\" stronger=\"\" this=\"\" width=\"96\" year=\"\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Canadian dollar to &#8216;fade back&#8217; on slowing economy<\/span><\/p>\n<\/li>\n<li class=\"more-topic__item\" data-carousel-item=\"\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"McGill University's campus in Montreal.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/no0125students.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=Qgo2082I_BVmvlC56X-KlA\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/no0125students.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=xSrj29bZBqc6ZglVqFR4Sw\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/no0125students.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=Qgo2082I_BVmvlC56X-KlA, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/no0125students.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=jq0k8D1gOHnimwPTUXjymQ 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/no0125students.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=XtGQopT0SLNdPrA5J3MM0g 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">How the foreign student cap could hinder Bank of Canada rate cuts<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<h2>Capital Economics<\/h2>\n<p>The risk that the Canadian economy will contract in the first quarter of 2024 is a little lower thanks to the strong December GDP estimate, economists from Capital Economics said in a note Wednesday.<\/p>\n<p>While business surveys are still showing weakness and GDP growth is sluggish, the strong handover from December suggests the economy is growing again, and could get another boost from the Trans Mountain pipeline expansion, slated to start operating in the second quarter.<\/p>\n<p>\u201cIn short, it may soon be safe to say that the economy has dodged recession, although spare capacity is nonetheless opening up and should help to ease inflationary pressures.\u201d<\/p>\n<h2>Bryan Yu, Central 1<\/h2>\n<p>\u201cNovember\u2019s GDP points to an economy with some life in the fourth quarter and positive momentum heading into 2024 without any significant weakness percolating through the latest numbers,\u201d said Bryan Yu, chief economist at Central 1.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment4416379809617570817935678443094016\" class=\"ad\">\n<p>Advertisement 5<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>As proof, Yu pointed to production the grew in 13 of 20 sectors tracked by Statistics Canada, though he acknowledged some of the expansion was attributable to rebounds from shock events in the months prior.<\/p>\n<p>Given the stronger end to the year, there\u2019s a chance that higher spending could boost inflation, which accelerated in December, pushing rate cuts out to mid-2024.<\/p>\n<p>\u201cCentral 1 currently forecasts an April cut. This will depend upon the path of the labour market slack and wages, and inflation,\u201d Yu said.<\/p>\n<p data-async=\"\"><em>\u2022 Email: gmvsuhanic@postmedia.com<\/em><\/p>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Economy picks up speed: What that means to the Bank of Canada<\/a><br \/>\n<br \/>2024-01-31 18:34:42<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Economy &#8216;It may soon be safe to say that the economy has dodged recession&#8217; Published Jan 31, 2024 \u00a0\u2022\u00a0 Last updated 24\u00a0minutes ago \u00a0\u2022\u00a0 3 minute&#8230;<\/p>\n","protected":false},"author":2,"featured_media":43313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-43312","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/43312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=43312"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/43312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/43313"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=43312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=43312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=43312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}