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