Updated: October 21, 2020 | Français
COVID-19 and uncertainty to flatten the curve of economic recovery.
Canada’s economy bounced back in recent months following the economic plunge sparked by the COVID-19-related shutdown in March and April. At its trough in April, real GDP was at 82 per cent of February’s (pre-COVID) level, 3 million Canadians were out of work (a 15.6 per cent decline in employment), and total hours worked had plummeted a staggering 28 per cent. Still a gaping chasm remains to be closed before Canada’s economy is back to normal.
Contents of the Autumn 2020 edition:
- World economy slowly starting to recover
- Trade recovery hits some speed bumps
- Labour market recovery will slow
- Housing markets strengthen … for now
- Government to rescue … but taps will close quickly