The 2010 Economic Impact on Vancouver
by Maggie Chandler on December 29, 2009
in Uncategorized
From The Vancouver Sun – Dec 9/09
Central One credit Union predicts Vancouver’s economy will grow by 3.9% in 2010, after shrinking 2.1% this year, and that the 2010 Olympics will pump $800M into the economy.
“Spending at the Games will account for about 20% of Vancouver’s growth in 2010. 85% of Olympic spending will be in Metro Vancouver and 15% on Sea to Sky corridor” said Economist David Hobden.
The poplulation will continue to grow almost unabated, due to net International In-migration. It grew by 1.7% this year.
The report suggest Vancouver’s unemployment rate will fall from its current 7.2% to 6.5% in 2010 and the region’s economy will grow by 3.4% in 2011.
After plunging in 2008, consumer confidence swings positive in late 2009. Read about it here
Read the report from Central 1 Credit Union
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