Canada to take bigger hit from COVID-19 on already stalled economy
OTTAWA, March 30 (Xinhua) -- As the first quarter ends, the battering that Canada's economy has taken as a result of the COVID-19 pandemic could worsen if social distancing, currently in place across the country, continues until the end of August, according to the Conference Board of Canada.
Should that happen, the Ottawa-based research organization predicts that Canada's real GDP would fall by 1.1 percent in 2020, a sharp reversal from 2019, when the country's economy grew by 1.6 percent.