Global Export Forecast—Autumn 2020
Get expert insights from EDC’s Economics team on the current trends influencing global trade and Canadian exports.
Despite the massive upheaval caused by the pandemic, Canada’s trade performance has been remarkably resilient so far. However, with rising COVID-19 cases, consumers and businesses are expected to remain cautious, resulting in a slow recovery in economic activity. EDC’s new Global Export Forecast sees Canadian exports falling by 16% in 2020, which is better than the 20% drop initially feared. We also expect a modest improvement in overall conditions in 2021, with exports rising by 9%. Checkout this report for detailed insights on the impact of COVID-19 on numerous sectors and the significant risks and opportunities facing our exporters over the next two years.