Choose your settings

Choose your language
Economic Viewpoint

Economic Crisis Tied to the COVID-19 Pandemic

April 30, 2020
François Dupuis, Vice-President and Chief Economist
Mathieu D’Anjou, Deputy Chief Economist • Hendrix Vachon, Senior Economist

Everything is going to be all right! This mantra that has now permeated our everyday life brings hope of a happy ending to this crisis. That life will get back to normal. That workers forced into unemployment will be earning their livelihood again. While this may seem like a rosy scenario to some, it is nonetheless likely! We could, in fact, see a swift economic rebound in the months following the crisis. After mass business closures, we should see many doors reopen in the following months, which will make a strong positive contribution to the economy. Our basic economic forecast scenario reflects this line of thought. Some businesses and activity sectors, however, might take longer to return to normal.

PDF Publication

See the full publication in PDF.