[EXCERPT]
When the Business Council of BC (BCBC) released its latest economic report this month, economists at the industry association downgraded the province’s growth outlook from 2% to 1.8% in 2019.
It was the second time the BCBC has downgraded its outlook for the year.
Earlier in October the International Monetary Fund’s World Economic Outlook forecast global growth hit 3% for 2019 – down from 3.6% in 2018. The World Bank was even more pessimistic in its June assessment: growth is expected to fall to 2.6% globally in 2019 compared with 3% in 2018.
