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Survey of forecasters: April 2020 The Conference Board of Canada, April 22, 2020 Website by Kip Beckman

Survey of forecasters: April 2020

The Conference Board of Canada, April 22, 2020
Website by Kip Beckman

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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 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.

This quarterly survey reflects the opinions of Canada's top forecasting organizations and their outlook for the Canadian economy.

Document Highlights

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.