As we did last quarter, this Quarterly Economic Forecast is in Q&A format. We have posed (and answered) the questions that we deem most relevant to the economic outlook, starting with the impact of the recent surge in the virus and developments on the vaccine front. From there we delve into some issues on the geopolitical front – China’s performance through the pandemic, the looming risk of no deal between the UK and EU, and the potential impact of a Biden presidency on the economic outlook. We close with some other pressing questions on the near term outlook (the sustainability of the recent housing boom) and some thoughts on the medium term impact of the crisis and how governments will pay for it.
Table 1: Digital Opportunities Will Be Aplenty | |
Industry | Opportunities |
Retail | E-commerce will consolidate lockdown gains |
Financial services | Fintech will go from strength to strength |
Automotive | Carmakers will build online sales capabilities |
Telecom | Cloud computing will be a key area of growth |
Healthcare | Digital health apps will proliferate |
Source: EIU, TD Economics. |
Forecast Tables |
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Interest Rate Outlook |
Foreign Exchange Outlook |
Commodity Price Outlook |
Canadian Economic Outlook |
U.S. Economic Outlook |
Global Economic Outlook |
Economic Indicators: G7 and Europe |
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