The Canadian economy shrank an annualized 38.7 percent in the three months to June 2020, following plunging 8.2 percent in the previous period and compared with market forecasts of a 39.6 percent plunge. It was the second consecutive contraction and the sharpest on record, officially entering a recession as the coronavirus pandemic hit the economy.
GDP Growth Annualized in Canada averaged 2.88 percent from 1961 until 2020, reaching an all time high of 12.60 percent in the fourth quarter of 1963 and a record low of -38.70 percent in the second quarter of 2020. This page provides - Canada Gdp Growth Annualized - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada GDP Growth Annualized - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Statistics Canada
GDP Growth Annualized in Canada is expected to be 41.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Annualized in Canada to stand at 3.20 in 12 months time. In the long-term, the Canada GDP Growth Annualized is projected to trend around 3.80 percent in 2021 and 2.00 percent in 2022, according to our econometric models.