B.C.' GROWTH 2011 STRONGER
B.C.'S growth in 2011 to be stronger than expected, Central 1 predicts.
According to the report, the B.C. economy grew by 3.6 per cent in 2010.
STATED THAT B.C. will see growth of about three percent annually over the next three years, according to an economic forecast released Thursday by Central 1 Credit Union. The report concluded that the B.C. economy would grow more quickly than expected in 2011, with real GDP (gross domestic product) expanding 2.9 per cent this year, up from the 2.4 per cent forecast a few months ago. "The unemployment rate will remain higher this year, but decline more noticeable in 2012 and 2013. Govenment spending is expected to decline in 2012 and 2013 as economic stimulus programs end and efforts continue to reduce the deficit. (etc) Reported by Vancouver Sun, Friday January 14, 2011