As BC's economy cools, how well are we prepared?
Published: March 26, 2008
TheTyee.ca British Columbia and the BC Liberal government have enjoyed the benefits of a strong economy for several years. But now the United States is possibly in recession and at least some Canadian provinces are following it down. It's too soon to say whether B.C. will follow too, but observers and the Finance Ministry are at least predicting slower growth.
The downturn raises questions. Where should the government spend money to buffer the decline? Are the Liberals budgeting more for areas like education, welfare and housing that will likely see more demand? When they've let these areas slide in a hot economy, can they be relied on to fund them when times are tough?
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