Source: Government of Canada While the second and third waves necessitated the re-implementation of restrictions across most of Canada, the reduction in the mortality rate of COVID-19, especially in the third wave, speaks to the improvements in diagnosis and treatment of the disease, and the effect of vaccinations. [...] The baseline forecast assumes that the vaccine rollout across the country progresses on schedule, and broad reopening of provincial economies during the summer and into the second half of the year fuels growth on the back of strong domestic demand and the spending of pent-up household savings from the past year. [...] Onwards and Upwards - Digital Talent Outlook 2025 www.ictc-ctic.ca 46 Section II The Canadian Digital Economy In the near term, with the successful rollout of vaccinations and the gradual reopening of the economy, employment growth in some sectors outside the digital economy will likely outpace that of the digital economy, given the slack in those labour markets. [...] It provides an assessment of the impact of the pandemic on the Canadian economy and a discussion of the general economic outlook, highlighting key factors and risks in the short and medium term. [...] In the year since the publication of ICTC’s Digital-Led New Normal (August 2020), we have seen a partial reopening of the Canadian economy in the third quarter of 2020, a slowing economic recovery following the second and third waves of lockdowns, and more recently, the successful rollout and steady progress of a mass vaccination campaign across the country.
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