Economic recovery will be slow and difficult

Existing jobs and businesses can disappear quickly, but new businesses and jobs will take time to emerge. In the meantime, many Canadians will feel poorer. Not all the jobs lost will return—many won’t. Not all companies can be saved—or should be.

Minister of Finance Bill Morneau, pictured March 18, 2020, at a press conference on the Hill. While the Trudeau government has been rightly focused on disaster relief from the pandemic, what we need now is a clear strategy for rebuilding the economy, writes David Crane. The Hill Times photograph by Andrew Meade

Opinion

BY David Crane

May 25, 2020

TORONTO—The lockdown is easing. But the economic recovery will be slow and difficult. There will be a protracted period of adjustment before we have a healthy economy again because it has to be a different economy. Existing jobs and businesses can disappear quickly, but new businesses and jobs wi...

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