Fitch cuts world forecasts, boosts Canada's 2022 growth
U.S. growth returned to positive territory, while growth slowed in Canada and elsewhere
Stronger exports and consumer spending helped restore GDP
CIBC's chief economist says a longer period of negligible growth may be necessary
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%
Avoid stocks with a high level of sensitivity to the economy
The outlook doesn't qualify as a recession, but it will feel like one, report says
The market will reward resilient growth names, PM says