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Original News Release

 

 


   BACKGROUNDER   

2008FIN0024-001846

Dec. 5, 2008

Ministry of Finance and Ministry responsible for the Olympics

     

 

 


The Budget Transparency and Accountability Act requires government to seek the advice of the Economic Forecast Council as part of the annual budget process. The council is comprised of 12 economic experts from various banks and private sector forecasting groups.

  

Participant

Organization

Per cent change in real GDP

2008

2009

2010

2011-2013

Average Annual

 

Marie-Christine Bernard

Conference Board

1.2

1.1

2.7

2.7

Jock Finlayson

BC Business Council

1.2

0.4

2.8

2.6

Doug Porter

Bank of Montreal

1.4

0.2

2.1

2.5

Avery Shenfeld

CIBC

1.5

1.5

2.0

2.8

Ernie Stokes

Stokes Economic Consulting

1.6

     0.9

3.8

2.6

Derek Burleton

TD Bank

1.3

-0.2

3.6

2.5

Mary Webb

Scotiabank

1.5

0.2

2.8

2.5

Paul Ferley

RBC Financial Group

       0.8

0.6

3.5

2.5

Dale Orr

Global Insight

1.5

0.7

2.7

2.8

Helmut Pastrick

Central 1 Credit Union

1.2

0.0

2.1

2.9

David Baxter

Urban Futures Institute

1.5

0.2

1.5

2.8

Carl Sonnen

Informetrica

1.1

1.3

3.2

2.0

 

 

Average:

1.3

0.6

2.7

2.6

 

-30-

 


     

Media

contact:

Rena Kendall-Craden

Communications Director

250 361-5775

 

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