Prince George Economy “Healthy”
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The Conference Board of Canada’s annual report on the economies of mid-sized cities has been released and Prince George is looking healthy, economically.
The report says that Prince George’s GDP grew by 1.8 percent last year and is expected to remain stable 1.9 percent in 2018 and 1.8 percent in 2019. That rate mirrors the rate of inflation.
“I think it goes to show that this is sustainable, we’ve seen consistent growth whereas other parts of the country have seen shrinkage,” says Melissa Barcellos, the Manager of Economic Development. “hey’ve also seen slowdowns in the rate of their growth.”
The report also shows a “decent picture” for forestry and mining with commodities prices high. However, forestry may be facing some troubled times with a protracted softwood lumber dispute.
