Consider a hypothetical situation at work. To prepare for an upcoming bilateral meeting with government representatives of another country, your manager asks your unit to conduct an economic analysis of the Canadian economy, summarizing any recent findings about financial flows and trade between the two countries. As part of the binder to be prepared for this meeting, your study focuses on the Canadian macroeconomy and capital flows before and after 2020.

Data analysis: Analysis of the immediate effect of the pandemic since March 2020 on:

BOP item: Current Account as share of GDP (IMF Variable codes: BCA_NGDPD

Economic Activity item: Nominal GDP, USD bn (IMF variable code: NGDPD)

Government spending item: Government revenues as share of GDP (IMF variable code: GGR_NGDP)