TESTING 2020 Economic Resilience – Episode #3

The economic downturn is global. Economic resilience is being tested. What are the prospects for recovery by SECTOR: Public Services, Professional Services, and Industries?

Governments worldwide are struggling to contain the social and economic impact of Covid-19.  Economic recovery will hinge on the resilience of your economy – the capacity to bounce back from shocks such as Covid-19 and others identified in our MEGATRENDS Report. What is the prospect for a rapid recovery? Alberta is a case in point.  Our October sentiment survey’s findings are being released in 5 episodes.

In this issue we are presenting Episode #3, highlighting how economic resilience differs by SECTOR for Public Services, Professional Services, and Industries.

• Episode #2. LOCATION. The 2020 Test of Alberta’s Economic Resilience
• Episode #1. OVERALL. The 2020 Test of Alberta’s Economic Resilience

The 1st Episode highlighted the Overall status of Alberta’s economic diversification/ resilience and the factors influencing your sentiment. Episode #2 addressed resilience by Location. The concluding Episode #4 highlights your views of the effectiveness of Alberta’s Innovation Ecosystem and the role of government in economic development. Episode #5 concludes the Program with Summary Recommendations.

• The Alberta Government’s plan for Recovery released June 2020 HERE

The Alberta Government’s recovery plan addresses “…the triple threat of the largest public health crisis in a century, the biggest global economic contraction since the 1930s, and an unprecedented collapse in energy prices.” The Plan includes what the Alberta Government proposes for “…building, diversifying, and most importantly creating jobs.”