Air Canada’s former top executive says he’s optimistic about the economy’s resiliency despite current headwinds, but he thinks governments should correspond more closely with businesses to plan for the future.
“I really believe that the glass is half full,” Calin Rovinescu, now a board member at Scotiabank and BCE Inc., said in a Wednesday television interview with BNN Bloomberg.
Rovinescu, who left his role as Air Canada CEO in 2021 after leading the company through the early days of the pandemic, said he’s predicting a mild recession in 2023, amid challenges like high interest rates and inflation. But he explained that he maintains his optimistic outlook by considering the history of how businesses have rebounded and grown despite economic hardships over the last century.
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