Surrey Business News

2019 Eco­nomic Out­look: What’s ahead and what does it mean for en­trepreneur­s?

- Business · Finance · Entrepreneurship · Politics · British Columbia · Surrey · Government of Saudi Arabia · Saudi Arabia


1. Bri­tish Columbia’s econ­omy is still grow­ing, but at a slower pace.

2. In­ter­ests rates are on the rise, but re­main his­tor­i­cally low.

3. Labour short­age = No.1 is­sue, lim­it­ing busi­ness growth.

“The Cana­dian econ­omy will re­main solid in 2019 and will likely con­tinue to ex­pand at about 2 per­cent. It sig­nals that the coun­try is us­ing cur­rent cap­i­tal and labour at close to full ca­pac­ity,” said Pierre Cléroux Vice Pres­i­dent, Re­search and Chief Econ­o­mist at BDC at the an­nual Sur­rey Board of Trade 2019 Eco­nomic Fore­cast Lunch. At­ten­dees heard what’s ex­pected of our lo­cal, provin­cial, fed­eral, and in­ter­na­tional economies and what that means to your busi­ness or not-for-profit as­so­ci­a­tion.

Pierre was ap­pointed Chief Econ­o­mist of BDC in 2012. He leads a team of ex­perts who an­a­lyze eco­nomic data to iden­tify busi­ness and sec­tor trends im­pact­ing Cana­dian en­trepreneur­s. A sea­soned speaker, he reg­u­larly trav­els across the coun­try to help busi­ness own­ers un­der­stand the risks and op­por­tu­ni­ties pre­sented by the eco­nomic en­vi­ron­ment. Be­fore join­ing BDC, Pierre worked for the Gov­ern­ment of Saudi Ara­bia as Vice Pres­i­dent, Busi­ness Anal­y­sis in the Na­tional In­dus­try Clus­ters De­vel­op­ment Pro­gram.

His role was to cre­ate pro­gram strate­gies, de­fine sec­tor poli­cies and con­duct fi­nan­cial and eco­nomic analy­ses of in­dus­trial projects.

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