ZCAN - Moving To New Steady State

My argument has been that economies would return to a steady state path, with certain industries crippled (e.g., mass tourism), but other industries able to operate. My guess was that Canadian provinces would show some dispersion based on how they handled the containment of the virus. That guess so far was incorrect, as Canadians actual behaviour seems relatively uniform, and the virus appears relatively well contained. Instead, the American states are more likely to show deep divergences (which appears to be a consensus view).

The chart above shows non-seasonally adjusted unemployment rates for Quebec and

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