B.C. Economic Forecast 2013 - 2017

Highlights

Another year of moderate growth in 2013, higher growth prospects in 2014 and through 2017
U.S. economy poised to break out of its subpar recovery lifting B.C. exports
Business investment spending will kick into higher gear after 2014
Declining government spending pulls down growth
Housing slowdown in 2013 will reduce residential investment
Consumer spending receives lift from switch to PST but adds costs to businesses
Export-oriented industries to lead growth upturn
Construction industry tops growth ladder among domestic industries
Low population growth until later in forecast
Labour market tightens, unemployment rate below 4% in 2017 Continue...