Covid-19 to reshape economy, society: Moody’s
Lower growth, higher debt, greater ESG demand seen in post-pandemic world
- By: James Langton
- June 22, 2020 June 22, 2020
- 16:32
Lower growth, higher debt, greater ESG demand seen in post-pandemic world
Report calls on government to support innovation, curb uncertainty, for companies
Rapid shift to digital services and remote working have occurred due to distancing demands
Provisional demographic data indicates "excess mortality" since the pandemic arose
Both product categories recorded net sales of $2.6 billion
Economists expected a decline of 15%
Report suggests oil demand may flag for years post-pandemic
Economic recovery from Covid-19 expected to be “slow and gradual”
Pandemic's effect on immigration represents a key economic threat
It was the second month in a row for negative inflation
Study points to importance of seniors resuming social activities
Lost service sector output likely gone forever, investment and immigration are long-run concerns too
Financings were strong in Q1, but will likely be much weaker in Q2
Issuance drop seen as temporary, but now unlikely to regain 2019 levels
Despite market turmoil, inflows outpace 2019 levels, ETFGI reports
The economic shutdown in March helped rein in consumer spending, Equifax says
GDP to fall 6.2% this year, predicts the bank
Curbing costs while finding growth is a critical challenge for firms
A record $49.2 billion flowed into the economy in April, driven by foreign investors adding Canadian debt
Pent-up demand was unleashed from April to May
Poor Canadians can't weather more than a couple of months of income disruption