Comments from Vlieghe in annual report to parliament

  • There is a material risk in my view that it could take several years for the economy to return to full capacity
  • I take little comfort from the fact that the unemployment rate has remained fairly stable so far
  • I am fairly confident that, in the months ahead, the economy will bounce back but still leaving GDP 5% or more below its pre-pandemic level

Those aren't exactly comforting words.