ACWI - OECD: Most Economies Will Remain Well Below 2019 Output Levels By End Of 2021
- According to third-quarter forecasts by the OECD, by the end of 2021, most economies, including Canada, will have a level of output that remains well below that of 2019, and considerably weaker than projected a year ago.
- By the end of 2021, America's economy is forecast to be the same size as it was in 2019, China's is expected to be 10% larger, while Europe and Japan's are forecast to remain below their 2019 pre-pandemic level of output for several years.
- More good reasons to invest in domestic manufacturing and the production of essential goods in Canada.
For further details see:
OECD: Most Economies Will Remain Well Below 2019 Output Levels By End Of 2021