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Canada GDP plunges a record 11.6 in April

Other News Materials 30 June 2020 17:09 (UTC +04:00)
Canada’s growth in April plunged by a record 11.6% from March as swaths of the economy were shut down to curb the spread of the coronavirus
Canada GDP plunges a record 11.6 in April

Canada’s growth in April plunged by a record 11.6% from March as swaths of the economy were shut down to curb the spread of the coronavirus, Statistics Canada said on Friday, Trend reports with reference to Reuters.

StatsCan also said in a flash estimate that growth in May was likely to rise 3% from April as businesses and stores across the country began to reopen.

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