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British Columbia economy projected to outperform the country

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Christian Fernsby ▼ | December 8, 2019
British Columbia’s economy remains resilient amid global uncertainty and is expected to outperform the country with steady growth over the forecast horizon, according to the Economic Forecast Council.
British Columbia street
Canadian states   British Columbia currently has the lowest unemployment rate in the country
The council predicts that B.C. real gross domestic product (GDP) will grow by 2% in 2019, 2.4% in 2020 and 2.2% in 2021.

Topics: British Columbia economy

British Columbia currently has the lowest unemployment rate in the country and is the only province in Canada with a triple-A credit rating from the three major international rating agencies. B.C. has retained its position atop the national leaderboard, with strongest employment growth year-to-date to November.

The Economic Forecast Council includes some of Canada’s most respected independent forecasters who meet annually with the minister of finance to offer economic advice in advance of each year’s budget and fiscal plan. The council will provide an updated economic forecast with the release of Budget 2020.


 

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