The 10 Minute Take - Can business stimulus hasten the “swoosh” recovery?

May 13, 2020 | Brian Moore


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The 10-Minute Take podcast provides insights from RBC economists and market experts on events unfolding around the globe. Featuring Craig Wright, RBC’s Chief Economist.

The 10 Minute Take Podcast

Hopes for a V-shaped recovery – a short, sharp collapse followed by a bounce-back to pre-crisis activity – have been replaced by expectations of a “swoosh.” That is, a large drop followed by a slow incline. To bend the curve, Canadian policy makers have focused the latest round of relief on business. But how effective can these new measures be when much of the economy remains closed? Craig Wright, RBC’s Chief Economist, joins us with his outlook for the private sector and a broader recovery.

 

Click here for the full podcast; The 10 Minute Take.