The pandemic is expected to cause the deepest recession in living memory
Economy peaked in February before the steps taken to slow the spread of the coronavirus brought it to a standstill.
The scale of the decline in business activity staggering, lends urgency to discussions about a rescue support package.
C.D. Howe Institute’s Business Cycle Council waiting on February growth numbers from Statistics Canada.
Forecast of 0.3% economic growth in 2020 followed by a rebound to 2.5% in 2021.
Government can’t continue to ignore the warning signs of a slowing economy.
A slowdown is coming as Canada is woefully unprepared to weather its first recession in over a decade.
Economists describe a nightmarish setting for companies.
But acknowledges his China trade policies may mean economic pain for Americans.
Tariffs have been a drag on US manufacturers, financial markets and American consumers.
…but a new survey shows a majority of economists expect a downturn to hit by 2021 at the latest.
They have previously expressed concern Trump’s tariffs, higher budget deficits could dampen the economy.
Kudlow says consumers are seeing higher wages and are able to spend and save more.
Uncertainty leads companies to postpone plans to invest, expand and hire, trends that can trigger a severe economic downturn.
…and he might suffer politically if the tariffs hurt US farmers, manufacturers and consumers.