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The COVID-19 Pandemic: Anticipating its Effects on Canada's Agricultural Trade

CANADIAN JOURNAL OF AGRICULTURAL ECONOMICS-REVUE CANADIENNE D AGROECONOMIE, no. 2 (2020): 219.0-224.0

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With the deep recession now forecast for the world economy, trade can be expected to fall even more steeply. Agricultural trade will be less significantly affected, being insulated by its relatively low income elasticities of demand. However, a drop in the range of 12%-20% in real trade value should be expected. Canada can be expected to ...更多

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