Another Quarter of Modest Growth For BC

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BC Economic Index v10 n2

In the second quarter of 2011 the BC Economic Index posted a 0.8% quarterly increase. As an indicator of current economic conditions, this reading suggests the provincial economy is growing at a modest pace following similar performances in both the first quarter and the fourth quarter of 2010. Given the economic recovery is just two years old, this rate of expansion is not particularly strong. But against the backdrop of rising global uncertainty and ongoing malaise in the US, another interpretation is that BC’s economy is holding up relatively well.