Global News: B.C. budget could plunge into deficits amidst economy getting hard hit by COVID-19

  • March 13, 2020


Economist Ken Peacock from the Business Council of B.C. says he has never seen such a quick decline in the economy.

Peacock says British Columbia’s economy will be somewhat protected because the province has been effective at testing people for the virus. But B.C. is in no way immune and that will effect almost everyone.

“Weak economic conditions. Widespread implications. Obvious sectors that are going to be hit the hardest are tourism, the airline industry,” Ken Peacock said.

“The impact is going to be huge. Households are going to feel this and people are going to be laid off hopefully what proves to be a temporary impact.”

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