Coronavirus will hurt Canadian economy in short term, experts predict

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The economic fallout from COVID-19 will likely only be short-term, Scotiabank’s deputy chief economist says, as the Bank of Canada is set to announce its next interest rate decision this week.

that the global economy could shrink this quarter for the first time since the 2008 financial crisis, but that it was still expected to grow overall this year and rebound in 2021. last year that a severe pandemic could, conservatively, “destroy up to 1 per cent of global GDP”. Experts including the OECD also note the global economy is much more integrated and dependent on China than it was during SARS 17 years ago.

“There’s no question everyone’s concerned seeing the numbers from last week, but if you are a long-term, diversified investor - as we all should be - your focus should be on that long horizon, and keeping calm through this.” “Then we’ll see this supply shock transform to a demand shock through lower income, through lower employment. And then we’re going to see the impact on the economy through the rest of the year,” he said.

 

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Canadian Companies need to move to operations out of Asia. Bring it back to Canadian Soil.

Wtg CTVNEWS, another pic? Coronavirus story all have to be asian women? Do better please! 🤦‍♂️

Donnie told us this was a hoax.Ding Dong Donnie!

sunlorrie SenateCA SCC_eng JUSTIN TRUDEAU. SENATE OF CANADA. SUPREME COURT OF CANADA. MY FAMILY IS BEING TORTURED. WHERE DO YOU DRAW THE LINE. HOW CAN YOUS LET THEM DO THIS TO MY SONS AND I. HELP ME. HELP ME. HELP ME. THIER CHOKING ME TO DEATH

THERE THIER TAKING OFF AS SOON AS I POST HERE. ONLY TO RETURN. HOW SICKINGLY SAD WE HAVE NO AUTHORITY TO STOP THEM. THEG LET THEM HURT ME.

And the Liberals have damaged the Canadian economy in the long term. TrudeauMustGo

Yeah probably but it'll be fine after that

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