Economics
Vaccine Set to Make Up for 2nd-Wave Virus Hit to Canada’s Economy
- Forecasts in Bloomberg survey show weaker near-term growth
- But GDP should be even stronger beginning in second quarter
This article is for subscribers only.
The rising number of Covid-19 cases in Canada will only delay the country’s rebound and isn’t likely to have a permanent impact on medium-term growth, according to a Bloomberg survey of economists.
Canada’s gross domestic product is expected to grow 2.6% on an annualized basis in the six months through March, down from a previous forecast of 3.3%, the monthly survey showed. That will be fully offset by stronger growth starting in the second quarter.