Economic outlook says Canada among leaders in post-pandemic recoveryJune 25, 2021
In a recent economic outlook report co-authored by Bank of Canada Governor David Dodge, Canada’s economy is projected to strongly rebound this year as COVID-19 vaccination rates rise and things return to more pre-pandemic conditions, with growth easing slowly between now and the end of 2023.
Dodge says that he expects growth to accelerate in the second half of 2021, with real GDP growing 5.5 per cent between the fourth quarter of 2020 and the fourth quarter of 2021. For 2022, the outlook is for 2.6 per cent during 2022 and 1. 9 per cent during 2023.
Economic output should return to its pre-pandemic level by the third quarter of 2021 and back to its pre-pandemic trend level by the end of 2022.
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