Canada also officially in recession due to coronary

Official statistics suggest the economy contracted by nine percent in March.

Slowdown in the economy shows that it is time to declare a recession, according to advice from the Canadian influential Institute C.D. Howe.

The “ents agreed that by applying council methodology to available preliminary data, Canada entered a recession in the first quarter of 2020,” is said in the statement.

Reports show that more than one people lost their jobs during March, and a preliminary assessment by the Canadian Bureau of Statistics suggests the economy has contracted by nine percent as factories across the country fail to function.