Potential output in Canada: 2020 reassessment

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After COVID-19, we expect potential output growth to stabilize around 1.2 percent. This is lower than the 2010–18 average growth of 1.8 percent. Relative to the April 2019 reassessment, the growth profile is revised down. Given the unknown course of the pandemic, uncertainty around these estimates is higher than in previous years.

JEL Code(s): E, E0, E00, E2, E23, E24, E3, E37, E6