This quarterly economic forecast for the province of British Columbia examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
Document Highlights
After expanding by 1.9 per cent in 2018, real GDP in B.C. is expected to rise by 2.3 per cent in 2019 and 2.5 per cent in 2020.
Housing markets will continue to weigh on B.C.’s economy. Housing starts, after falling last year, will continue to decline throughout the next five years.
Softwood lumber duties on U.S. imports remain in effect and will continue to hurt B.C.’s forestry exports indefinitely.
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