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The Business Council of British Columbia is warning the province to “buckle up,” as it downgrades its 2020 forecast for B.C. amid economic turbulence and COVID-19.
“The environment is evolving very rapidly, things are changing quickly,” said council chief economist and vice-president Ken Peacock.
“So we should have said buckle up and keep calm.”
In its initial forecast in January, the council had predicted economic growth of about two per cent for the year.
