The Atlantic Bubble helped mitigate Covid impact

By Roger Taylor
The Chronicle Herald
January 14, 2021
Category: Finance & Economics
Region: Canada, Canada East

The Conference Board of Canada is impressed by the Atlantic Bubble, which helped the provincial economies in the region ride out the pandemic by allowing residents to move within the four provinces without need to quarantine. Sadly, the bubble burst last fall. …“We expect Nova Scotia’s real GDP to decline by 6.1 per cent in 2020. …In 2021…a 3.2 per cent rebound in GDP,” the outlook says. The board expects the Nova Scotia economy to “fully recover” to pre-COVID levels by the middle of 2022. …New Brunswick’s economy is poised to fare among the best in Canada in fiscal 2020-21, the Conference Board predicts. …GDP is forecast to fall 5.2 per cent in 2020, although the second wave of COVID-19 is adding more uncertainty to business conditions and will slow momentum. [We respect the copyrights of the source publication – full access to this story may require a subscription]   

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