Global Export Forecast—Autumn 2020

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.