Document Highlights:
The B.C. economy will grow by 2.1 per cent in both 2018 and 2019—slower growth than in 2017 but still above the Canada-wide average.
The federal government’s purchase of the Trans Mountain pipeline provides some hope that the expansion project could get under way in 2019, but challenges remain.
The LNG terminal in Kitimat might finally be approved, paving the way for exports of natural gas to markets in Asia.
Housing starts will continue to decline over the near term due to the steps taken by the provincial and federal governments to cool down the market in Greater Vancouver.
B.C. will continue to run budget surpluses over the near term, but they will be smaller due to rising government expenditures.
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