Provincial Outlook Economic Forecast: British Columbia—Autumn 2019
The Conference Board of Canada, 21 pages,
January 10, 2020
This quarterly economic forecast for the province of British Columbia examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
- After expanding by 2.0 per cent in 2018, real GDP in B.C. is expected to rise by 2.6 per cent in 2019 and 3.0 per cent in 2020.
- With a weak housing market tempering B.C.’s economy, projects such as LNG Canada’s liquefied natural gas terminal and the Trans Mountain Pipeline expansion will provide a welcome boost.
- B.C.’s labour markets will remain in good shape due, in part, to strong employment gains in the province’s service sector.