Major City Insights: Windsor—July 2021

The Conference Board of Canada, July 21, 2021
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Climbing vaccination rates mean cities across Canada are poised to bounce back from COVID-19-induced recessions this year. Hot housing markets and pent-up demand for in-person shopping, eating in restaurants, and travel will all help fuel the economic recovery.

This edition of Major City Insights provides our new forecast for growth in Windsor as of June 3, 2021.

Document Highlights

  • Windsor’s economy is on the mend following a COVID-19-induced recession in 2020 that prompted shrinkage in nearly all the city’s industries.
  • Falling regional COVID-19 cases and a recovering manufacturing sector spell economic improvement for Windsor in 2021. Although local GDP will expand by 5.8 per cent this year, the pre-pandemic output level will not be regained until early next year.
  • Windsor employment has nowhere to go but up, after the area lost 18,700 jobs or 11 per cent of its total last year, a record decline by both measures. The job losses pushed the unemployment rate to an ugly 11.7 per cent, the highest since 2010.
  • Fortunately, the vaccine rollout and the pandemic’s retreat point to solid job gains over the next two years.

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