Economic Index Suggests 2012 Off To A Slow Start

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BC Economic Index v11 n1

In the first three months of the year, the Business Council’s BC Economic Index registered a slight 0.2% quarterly contraction. This is a small decline reflecting the fact that, in the wake of the global financial crisis and recession, overall economic conditions remain somewhat uncertain and growth in the province remains choppy. The Q1 dip follows a strong advance in the Index in the fourth quarter of 2011, which in turn came after almost no increase in the Q32011.