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Forecast sees B.C.’s economy growing in 2021, but warns hospitality sector could lag

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globalnews.ca

B.C. economy is predicting growth of 4.2 per cent this year, 4.5 per cent next year and three per cent in 2023.Central 1 Credit Union chief economist Bryan Yu said housing demand is anticipated to remain robust.The Bank of Canada, meanwhile, warned Tuesday that Canada’s housing market is showing “early signs” of overheating.B.C.’s exports should rebound over time, Central 1 said, as the global rollout of COVID-19 vaccines continues.On the downside, Yu predicts the hospitality sector and other face-to-face services are unlikely to fully recover in the next couple of years.

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