A new report ahead of next week含羞草研究社檚 B.C. budget is forecasting slower economic growth for the province this year.
The Business Council of British Columbia says 含羞草研究社渓acklustre含羞草研究社� growth globally, high interest rates and weak private-sector job and investment numbers all add up to 含羞草研究社渁 drag on prosperity含羞草研究社� in 2024.
The report says while large capital projects in the province 含羞草研究社渇uelled strong gains含羞草研究社� in per-capita GDP, B.C.含羞草研究社檚 economy grew by just 0.9 per cent in 2023 and is forecast to grow only 0.7 per cent in 2024.
The group含羞草研究社檚 report says job growth in B.C. reached 1.5 per cent in 2023, with private-sector employment falling 0.2 per cent, or about 6,000 jobs.
Group senior vice-president and chief economist Ken Peacock says in a statement the combined picture is 含羞草研究社渃oncerning,含羞草研究社� with the winding-down of capital projects such as LNG Canada and the Site C dam creating further economic challenges for B.C.
The government is slated to unveil its new budget next Thursday, and both Premier David Eby and Leader of the Opposition Kevin Falcon are scheduled to discuss policy in media briefings later today.
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