Dec 18, 2020 3:02 AM -
Province showing signs of rebuilding economy: Selina Robinson
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Finance Minister Selina Robinson says the province is showing signs of rebuilding its economy despite the ongoing impacts of the COVID-19 pandemic.
Robinson's latest economic update forecasts three per cent economic growth next year and says employment is steady.
But she says 2020 was one of the most difficult years in the province's history and the economy is not expected to return to pre-pandemic levels until late 2022 or early 2023.
She also reported that the projected deficit for this fiscal year has risen to 13.6 billion dollars from the 12.8 billion predicted in September.
The Province’s third economic and fiscal update of 2020 continues to show the economic impacts of COVID-19 on people, businesses and communities, while 2021 brings hope to British Columbians with a path toward recovery.
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