CANADIAN Q2 GDP GROWTH PLUNGE–REBOUNDS SINCE APRIL
Canadian real GDP plunged 11.5% in the second quarter, or -38.7% at an annualized rate, the worst quarterly decline on record (see chart below). This followed an 8.2% plunge in Q1. The worst of the contraction occurred early in the quarter as the lockdown in March and April wreaked havoc on activity. Since then, the economy has shown surprisingly strong signs of recovery.
Original Article Source Credits: Dominion Lending Centres , https://dominionlending.ca/
Article Written By: DR. SHERRY COOPER
Original Article Posted on: 28 AUG 2020
Link to Original Article: https://dominionlending.ca/news/canadian-q2-gdp-growth-plunge-rebounds-since-april/