Survey of forecasters: July 2020

The Conference Board of Canada, July 24, 2020
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This quarterly survey reflects the opinions of Canada's top forecasting organizations and their outlook for the Canadian economy.

Document Highlights

  • Real GDP will plummet by 6.6 per cent this year due to the devastating effects of the COVID-19 pandemic. However, activity will rebound next year, with the economy expected to expand by 5.7 per cent.
  •  Consumer and investment spending, as well as exports, will contract this year before recovering in 2021.
  • The loonie will trade below the US$0.75 mark through the near term.

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