Canada’s full economic recovery from the pandemic has been delayed, not
derailed. The economy continues to benefit from reopening amid high
vaccination rates, but it is being hit by supply disruptions exacerbated by
floods in BC, rising cost pressures, and resurgent health concerns as the
Omicron variant ushers the pandemic into a new year.
As of Q3 2021, real output was still 1.4% below its pre-virus level and around 5% below its pre-pandemic trend. Even with 4.3% GDP growth pencilled in for next year, the economy won’t return to its pre-Covid trend in 2022.
What you will learn: