BCBusiness

January/February 2025 – House Money

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

Issue link: http://digital.canadawide.com/i/1530578

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48 B C B U S I N E S S . C A J A N U A R Y/ F E B R U A R Y 2 0 2 5 WHAT'S IN STORE FOR Do you feel better off than you did at this time last year? If the answer is "no," you're not alone. The final numbers aren't in yet, but most estimates put British Columbia's real GDP growth for 2024 at around 0.6 or 0.7 percent. Now consider that this GDP pie had to be shared out among a population that grew 2.5 to 3 per- cent, and you realize that the average person's income has actually been shrinking. K O O L T U O C I M O N O C E We'll be turning the switch on megaprojects and enjoying a break on interest rates, but there are a few looming issues that British Columbians can no longer ignore by Michael McCullough

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