Canada: Early Q1 GDP Reading Worse than Thought

<p>Early estimate of Q1 GDP shows 10% annualized decline Economic activity down 9% (non-annualized) in March US retail sales, IP reports add some colour Desperate times, desperate for measures: Recognizing the need for timelier measures of economic activity during the coronavirus crisis, Statistics Canada took the extraordinary step of releasing a March GDP “nowcast” this […]</p>
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