
Dollars and SenseNewsProvincial
Canada’s GDP Dropped 38.7% Between April and June
Source:
, globalnews.ca, August 28, 2020Preliminary estimates for July indicate a three-per-cent increase in real GDP.
Statistics Canada says the economy posted its steepest decline on record in the second quarter as the novel coronavirus pandemic forced the closure of non-essential businesses and slowed the economy to a crawl.
The agency says real gross domestic product contracted at an annualized rate of 38.7 per cent for the three-month period.
For the latest information and for more updates on everything Kindersley ‘Like’ the Kindersley Social Facebook page below…
For the latest information and for more updates on everything Kindersley,
Like
the Kindersley Social Facebook page!