What Are The Highlights Of Canada’s GDP Records Historic Drop In 2020?

Canada’s real GDP contracted by about 5.4 per cent in 2020, the sharpest decline since the figures were first recorded in 1961. The nominal GDP fell 4.6 per cent YoY in 2020. The real GDP, however, grew by 2.3 per cent in 2020’s last quarter. In December 2020, it climbed by about 0.1 per cent.


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