A Brief Stall: British Columbia’s Five-Year Outlook–July 2024

A Brief Stall: British Columbia’s Five-Year Outlook–July 2024

Provincial Analysis
14 min read

Author: Cory Renner

$705.00

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.

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This quarter, we look at the effects of the current housing climate, labour market dynamics, and industry and government investment on British Columbia’s economic outlook.

In this period of modest performance, are underlying indicators and market conditions robust enough to produce rejuvenated growth over the next five years? What does the latest deficit-oriented provincial budget portend? How will the anticipated lowering of interest rates impact the labour market, residential construction, and consumer spending? We share our forecast for British Columbia’s economy, including employment rates and demographics.

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