The Chamber is concerned that such a reduction in overhead would be a very tall order indeed. In summary the Chamber is concerned not only because the provincial government has set unambitious financial goals but because it has failed to achieve them. The economic indicators for the first quarter are similarly bleak. All estimates for economic growth from the beginning of the year have been revised downwards. Within these broad economic trends are some worrying specifics.
Economic figures are down almost all across the board.
Other consumer indicators were far more worrying. Industrial activity was also down. Consequently, BC is becoming a less attractive place to live and this is reflected in immigration statistics. Although our net total migration is still positive this is solely due to international immigration. In the first quarter of this year there was a net outflow to other provinces in Canada.