In a March 2022 report titled Economic Rebound Shaken by Crisis in Ukraine the firm Deloitte shares their forecast for the Canadian economy in 2022.

I want you to use this article (and particularly the Business Outlook section) as a starting point to reflect on the economic situation and discuss your own forecast about Canadian output growth for the years 2022 and 2023.

 

Q1: What are the four factors of growth mentioned in Module 1 (Hint: It includes three factors of production + trade)? How does each contribute to output growth?

 

Q2: According to the report, how is each factor of growth mentioned above expected to evolve in Canada in the near future?

Q3: The motion: If you heard someone say: "In the next two years, we should expect Canadian economic growth to be higher than the pre-lockdown level". Would you agree? Why?