A new report ahead of next weekB次元官网网址檚 B.C. budget is forecasting slower economic growth for the province this year.
The Business Council of British Columbia says B次元官网网址渓acklustreB次元官网网址� growth globally, high interest rates and weak private-sector job and investment numbers all add up to B次元官网网址渁 drag on prosperityB次元官网网址� in 2024.
The report says while large capital projects in the province B次元官网网址渇uelled strong gainsB次元官网网址� in per-capita GDP, B.C.B次元官网网址檚 economy grew by just 0.9 per cent in 2023 and is forecast to grow only 0.7 per cent in 2024.
The groupB次元官网网址檚 report says job growth in B.C. reached 1.5 per cent in 2023, with private-sector employment falling 0.2 per cent, or about 6,000 jobs.
Group senior vice-president and chief economist Ken Peacock says in a statement the combined picture is B次元官网网址渃oncerning,B次元官网网址� with the winding-down of capital projects such as LNG Canada and the Site C dam creating further economic challenges for B.C.
The government is slated to unveil its new budget next Thursday, and both Premier David Eby and Leader of the Opposition Kevin Falcon are scheduled to discuss policy in media briefings later today.
READ ALSO:
