Business in Vancouver: Can a minority government weather a global slowdown?


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.

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