Modest Growth Projected for B.C.

Sep 24, 2013

Central 1 economist Bryan Yu said in a news release this morning that B.C.’s economy will gain traction in 2014, but predicts only a modest gain of 2.4%.

RBC forecast a 2014 growth rate of 2.7%, suggesting that increasing exports and more capital spending on major projects next year will help the provincial economy rebound.

Central 1’s Yu was more optimistic about 2015, saying in the release: “Growth will increase to nearly 3% in 2015 with further acceleration over the following two years as the U.S. continues to recover and large resource projects in the north come online.”