Don Cayo: Economists take a wait-and-see attitude to B.C.’s forecast

November 17, 2012

Thomas Carlyle famously dubbed economics the dismal science, but watching a dozen economists dole out budget-making advice to Finance Minister Mike de Jong on Friday I noticed that not only was the exercise not entirely dismal, it was also not really science. It seems to have at least as much in common with fortune-telling The headline story from the 13th annual session of the B.C. Economic Forecast Council is that these leading economists have downgraded their slightly cheerier predictions of 10 months ago. They now expect B.C.’s growth to come it at 2.1 per cent this year, 2.2 per cent next year and 2.6 per cent in 2013. That’s down from a forecast of 2.2 per cent, 2.5 per cent and 2.7 per cent, but better than what is expected for most of the country.
Vancouver Sun – News / Vancouver

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