April 12, 2021
OECD Economic Survey of Canada
with Álvaro Pereira
The latest Economic Survey of Canada, released on Thursday, March 11, takes a broad look at macroeconomic challenges in Canada as the country begins to recover from the COVID-19 crisis, which has claimed the lives of more than 20,000 Canadians.
The pandemic has caused a historic downturn in the Canadian economy, with GDP expected to decline by 5.4% for 2020 as a whole. Meanwhile, as in many countries, the unemployment rate remains high, especially among youths. Although lighter restrictions and a recovery in hard-hit sectors will support growth going into 2022, it remains unclear how fast consumer confidence will rebound, and how quickly households may spend the substantial savings many have accumulated during lockdowns.
Against this backdrop, the survey explores what further steps policy makers can take to encourage employment and business recovery, and makes recommendations across a range of wide of policy area with a special focus on wellbeing.
Álvaro Pereira, Director of Country Studies, OECD Economics Department will present the findings of the Economic Survey of Canada report. The event will be moderated by Ottawa Economics Association President Jean-François LaRue.
Resources
Download the slides in PDF format: OECD Economic Survey of Canada 2021
View the OECD Report (English): https://read.oecd-ilibrary.org/economics/oecd-economic-surveys-canada-2021_16e4abc0-en#page1
About the Speaker
Mr. Álvaro Pereira,
Director of Country Studies,
OECD Economics Department
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