Rockway CC Event Series - Economic and Market Outlook
In the last three years, our world has suffered two powerful shocks: the Covid-19 pandemic, and Russia’s war in Ukraine.
Following the onset of the pandemic, nations imposed strict lockdowns, sharply cutting down non-essential activities that could spread the disease. Work and shopping shifted online wherever possible. Governments increased fiscal spending and central banks kept interest rates low just to keep their citizens and businesses alive.
With effective mass vaccination available in 2021, the pandemic began to subside, governments were able to ease restrictions, and economies began to recover. However, Covid-19 lockdowns persisted in Chinese factories and ports for several months longer than elsewhere, prolonging the disruption to global supply chains.
Russia invaded Ukraine in February 2022. The continuing war and accompanying sanctions have also disrupted global supplies of petroleum, natural gas, wheat, fertilizer, and many other heavily traded commodities.
Prices were already rising worldwide because of the record fiscal deficits, loose monetary policy, and global supply chain breakdowns during the pandemic. The commodity shortages caused by the invasion of Ukraine have made things worse.
Result: The highest inflation rate in four decades, worldwide.
Learning outcomes include understanding the fallout of the pandemic, the increasing geo-political tensions, and high inflation for the Canadian and the global economies and markets. The discussion will include the implications for different industrial sectors of the economy.
Who Will Benefit?
CPAs in consulting public practice will benefit the most from this event.
- 7:00pm to 7:30pm is registration and networking
- 7:30pm to 9:00pm presentation