B.C. Economy Downshifts in 2018, But Solid Growth Likely to Continue

April 30, 2018
Jock Finlayson

Highlights

  • The global economic backdrop has improved, which should help to sustain B.C.’s economic expansion over the next couple of years.
  • However, the underlying pace of economic and job growth in the province will slow in 2018-19.
  • A number of indicators already point to some moderation in economic activity.
  • The robust expansion in recent years means the economy is operating close to full capacity, with the limited availability of workers curtailing employment gains.
  • Higher interest rates and the suite of new government tax and regulatory measures affecting housing and mortgage financing are dampening home sales in urban markets.
  • There are heightened risks to the outlook, particularly for capital formation. A deteriorating policy environment and escalating intergovernmental conflict over the Trans Mountain pipeline expansion project are clouding the investment environment.

DOWNLOAD FULL REPORT

Become A BCBC Member

LEARN ABOUT MEMBERSHIP
BACK TO TOP    

ADDRESS

Business Council of British Columbia
1050 West Pender Street, Suite 960
Vancouver BC V6E 3S7

CONTACT INFORMATION

Telephone: 604-684-3384
Media Contact: 604-684-3384
Email: info@bcbc.com

© 2023 Business Council of BC. All rights Reserved.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram