Ontario’s economy to slow sharply, but rebound next year: fiscal watchdog | Globalnews.ca

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Ontario’s economy to slow sharply, but rebound next year: fiscal watchdog | Globalnews.ca
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Ontario’s economy to slow sharply, but rebound next year: fiscal watchdog

says the province’s economic growth is expected to slow sharply this year with a modest recovery beginning next year.economic and budget outlook report projects a deficit of $2.5 billion in 2022-2023, but says that will improve to billion-dollar surpluses through the remaining years of its projection to 2026-27.

The province has said in its own fall economic statement that it projected a deficit of nearly $13 billion this year and smaller deficits over the next two years.

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