Survey of forecasters: April 2020
The Conference Board of Canada
April 22, 2020
This quarterly survey reflects the opinions of Canada's top forecasting organizations and their outlook for the Canadian economy.
Forecasters surveyed by The Conference Board of Canada in the spring have, not surprisingly, dramatically changed their near-term projections for the Canadian economy. Real GDP is expected to contract by 4.0 per cent this year, down from a gain of 1.7 per cent expected in the winter, prior to the COVID-19 outbreak. In 2021, a 4.9 per cent recovery is anticipated as the virus's aftermath fades.