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Economic Viewpoint

A Look Back At 2020 : COVID-19 Is Testing the Resilience of the Economy and Markets

December 21, 2020
François Dupuis, Vice-President and Chief Economist
Mathieu D’Anjou, Deputy Chief Economist • Hélène Bégin, Senior Economist

The COVID-19 pandemic was 2020’s major theme. A year ago, no one could have imagined that an obscure disease that afflicted a few people who went to a market in Wuhan, China, would have such a huge impact on all of the economic and financial news. The disease has infected nearly 76 million people and caused over 1.6 million deaths, according to official data (graph 1).