Canadian economy likely in deepest recession on record, will only recover modestly over coming years

[kevinUsa]

The Canadian economy is likely in its deepest recession on record and will only recover modestly over the coming year as it takes a direct hit from the coronavirus outbreak and a collapse in oil prices, a Reuters poll of economists showed.

After the economy contracted sharply last month and lost a record 1.01 million jobs, economists have slashed back their economic forecasts because of lockdown measures and reeling oil prices, which hit a record low last week as global economic activity came to a halt.

In the April 23-28 Reuters poll of 25 economists, Canada’s economy was predicted to have contracted at an annualized rate of 9.8 per cent last quarter and to shrink 37.5 per cent this quarter.

[trent]

manam inka assam a uncle

[Guest]

doesn't matter..market goes up

[kevinUsa]

2 minutes ago, trent said:

manam inka assam a uncle

Real estate 9% Padindi ata

30- 40% drop avutundi ani talk

 

[kevinUsa]

2 minutes ago, Guest said:

doesn't matter..market goes up

Etla potha cheppu vayya

[nijamena]

3 minutes ago, kevinUsa said:

Real estate 9% Padindi ata

30- 40% drop avutundi ani talk

 

I dont think so. If that happens, we are in DEEP trouble.

[tacobell fan]

COVID-19 effect is across the globe. So don't worry too much. .

[Redhot1]

51 minutes ago, nijamena said:

I dont think so. If that happens, we are in DEEP trouble.

Already in trouble sold everything move back to usa

[kevinUsa]

9 hours ago, nijamena said:

I dont think so. If that happens, we are in DEEP trouble.

Its a fact

[Pitta]

[k2s]

K

[r2d2]

[VictoryTDP]

This is temporary

Form is temporary class is fermanent

[Pitta]

1 minute ago, VictoryTDP said:

This is temporary

Form is temporary class is fermanent

fermentation ayyaka dosa esukovachaaa 

[VictoryTDP]

1 minute ago, Pitta said:

fermentation ayyaka dosa esukovachaaa 

Yes you can, Kevin can make some sambar and chutney