Trade Matters

We came into 2022 with hopes of finally putting the COVID-19 volatility behind us, but the lingering fallout continues to cause global economic hardships. The more downbeat outlook for the global economy has caused country risks. However, this doesn’t mean that Canadian companies should sit on the sidelines.

To know more: https://www.edc.ca/en/weekly-commentary/edc-monitoring-country-risks.html

With the world’s central banks now focused on bringing inflation down from near 40-year highs, energy disruptions in Europe expected to intensify over the winter and the continuation of China’s zero-COVID-19 policies, global trade is expected to weaken heading into year-end.

To learn more: https://www.edc.ca/en/weekly-commentary/global-export-forecast-trade-slowdown.html

While the global cleantech market is projected to exceed US$2.5 trillion by 2022, Canada’s slice of that is about 2% of the total. Can Canada supercharge its cleantech exports? And what does the current global environment mean for our cleantech aspirations?

To learn more: https://www.edc.ca/en/weekly-commentary/canada-cleantech-potential.html

To say that 2022 hasn’t played out quite the way most have expected would be an understatement. Going forward, there are many interdependent risks with global implications.

Our fall 2022 Global Economic Outlook sees global growth falling to 2.2% this year, and 2.6% in 2023. While we aren’t forecasting a global recession, a fragile global economy leaves little room for error.

To know more: https://www.edc.ca/en/weekly-commentary/fragile-global-economy.html

While the volatility of the day has made it more difficult to see beyond the current market turmoil, a look at structural trends helps restore focus on the world we’re moving towards. To help see through cyclical gyrations, and get a clear view of where we’re headed, we have updated our list of key long-term trends.

To know more: https://www.edc.ca/en/weekly-commentary/edc-trends-watch.html

If nothing else, talk of recession and depressed demand have brought temporary relief to out-of-control food prices. However, it may be premature to declare victory over the global food crisis. As pressures on these vital supplies persist, is there a role for Canada to play?

To know more: https://www.edc.ca/en/weekly-commentary/sectors-in-focus-commentary.html

As we struggle to exit the global pandemic, the path ahead is fraught with risk. Many of these risks are interrelated and interdependent, perhaps more-so than at any other time in recent history. Here’s hoping that a gentle unravelling of these risks is more than just a Summertime Dream.

To know more: https://www.edc.ca/en/weekly-commentary/edc-top-10-risks-commentary.html

The Russian invasion of Ukraine has threatened global fuel security and set in motion a series of events that raise questions around existing supply lines. Does Europe’s energy predicament offer an opportunity for Canadian oil and gas?

To know more: https://www.edc.ca/en/weekly-commentary/canada-europe-energy-supply-options.html

Perspective is everything, or so we’re told. So, what do past business cycles, a part of the normal fluctuations experienced by all economies over time, tell us about what’s in store for the global economy today? And what can exporters do about it?

To know more: https://www.edc.ca/en/weekly-commentary/economic-downturns-much-shorter.html

After two years defined by the spread of COVID-19, and associated public health restrictions, there was widespread belief that in 2022 we would race full-speed to the path we were on before the pandemic. Now, almost midway through the year, with growth likely to slow and more challenges in view, the global economy faces a bumpy road ahead.

To know more: https://www.edc.ca/en/weekly-commentary/weak-global-economic-growth.html