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In a statement, the executive vice-president of the Business Council of B.C. said the province may be doing better than its Canadian counterparts with new COVID-19 cases near a peak and the most confirmed cases reported as recovered.
However, Jock Finlayson said he expects real provincial GDP to fall by a “very sharp” 7.3 per cent largely in the second quarter of 2020, and the 2020 B.C. budget, which forecast a slim operating surplus, is “out the window" given last month’s support package, looming additional measures and provincial revenues likely to “drop like a stone."
