Canada
The global economic lockdown implemented to contain the Covid-19 virus has caused the most severe economic downturn in Canada since the Great Depression in the 1930s. The cumulative output loss could easily amount to 15 percent of GDP by 2023 and could continue to grow for years thereafter. So far, the government policy response has, […]
Global economies have been heavily impacted in the wake of Covid-19. The coronavirus has created dramatic negative impacts on global growth and trade. The government response to restrict large components of the economy to safeguard public health resulted in massive job loss, reduced tax revenues, diminished consumer confidence, and increased public debt. As a result, […]