With measures to limit the spread of the coronavirus and a decline in global energy demand, we will see the worst recession in Alberta since the Great Depression, says Alberta Central’s Chief Economist Charles St-Arnaud.
We all know the COVID-19 pandemic has been a major shock to Alberta’s economy, but St-Arnaud breaks it down into the energy sector, labour market, housing market and household income.
Alberta Central is the central banking facility, service bureau and trade association for Alberta’s credit unions. You can find more economic reports here.