Peter G. Hall

Vice-President and Chief Economist
Export Development Canada

Global Export Forecast: Brighter days ahead

Canada’s overall trade performance has rebounded and recovered to pre-pandemic levels. However, with tightening labour conditions and supply chain bottlenecks, the global economic recovery will be uneven.

After sustaining a 13% drop in 2020, Canadian export growth is estimated to rise by 17% this year, and by just 3% in 2022. With strong demand continuing to power growth, EDC’s new Global Export Forecast expects the world economy to continue expanding at a rate well ahead of the long-term trend both this year and next. After 6% growth in 2021, the world economy is forecast to expand by 5.5% next year.

With COVID-19 still making its mark on the world economy and numerous sectors, our outlook is subject to a higher-than-usual degree of uncertainty. Checkout this report for detailed insights and the significant risks and opportunities facing our exporters over the next two years.



Graphic 1


 

Tell us about yourself

All fields are required

Tell us about your company

All fields are required

Tell us a bit more about your company

All fields are required

And lastly

All fields are required

Tell us about yourself

Tell us about your company

Tell us a bit more about your company

Back

Sorry, our system is temporarily unavailable. Please try again later.

Don’t have a MyEDC account yet?

Register to unlock access to international insights, webinars, and resources that help you mitigate risk and grow your business.

Register now Log In