Canadian Visa Expert: GDP

Canada’s GDP Predicted to Increase by 6.7% in 2021

The Conference Board of Canada is predicting that if the country can avoid a second shutdown due to the COVID-19 pandemic, the economy could grow by an incredible 6.7 percent in 2021 and by a robust 4.8 percent in 2022.  Canada’s national unemployment rate should peak in the second quarter at 13.7 percent, the highest since 1976. The outlook is positive though, with an additional 1.3 million positions expected to be added before September, lowering the unemployment rate to about 10.5 percent.

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New Positions Will Be Added Before September

As restrictions continue to ease, the economy will benefit. If you are considering relocating to Canada for a job opportunity and a better way of life, contact Canadian Visa Expert. Their team of immigration professionals is dedicated to helping people receive the necessary visa to relocate to Canada.

The Conference Board reported the quarterly estimates show Canada’s economy will decrease by 8.2 percent this year, after losing close to three million jobs in March and April due to shutdowns. With fewer restrictions and additional Canadian jobs added, the economy may have already started recovering from the pandemic-induced recession.

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If you want to obtain a visa to Canada, contact Canadian Visa Expert. Moving to a new country can be an overwhelming process, but also an exciting time in one’s life. The objective of the Canadian Visa Expert team is to make your immigration to Canada and the application process as simple as possible by providing you with a professional assessment of your visa options. You will be walked throughout the process each step of the way.