Canada's economy posts a record 38.7% annualized Q2 contraction
Saturday, 08 29 2020, Category: Economy, Country: World
Canada’s economy contracted at a record annualized rate of 38.7% in the second quarter as a result of the shutdowns related to the novel coronavirus pandemic, Statistics Canada said on Friday.
June’s GDP rose by 6.5% over May as both goods-producing and services-producing sectors recovered from the shutdowns.
Following are seasonally adjusted figures for gross domestic product, in percent. With the exception of the price index data, they are adjusted for inflation.